Italy's Draghi resigns after government implodes

Italian Premier Mario Draghi resigned Thursday after key coalition allies boycotted a confidence vote, signaling the likelihood of early elections and a renewed period of uncertainty for Italy and Europe at a critical time.

Draghi tendered his resignation to President Sergio Mattarella during a morning meeting at the Quirinale Palace. Mattarella’s office said the president had “taken note” of the resignation and asked Draghi’s government to remain on in a caretaker fashion.

• Italy's president turns down PM Mario Draghi's resignation