Italian Prime Minister Mario Monti has told the president he’ll step down as soon as the government’s budget and financial stability law receives parliamentary approval.
The decision comes after he lost the support of the centre-right PDL party on Thursday over the severity of the budget cuts he has imposed.
If Monti resigns, an election – which was due by April next year – would have to be held within 70 days.
The economist has been running a technocrat administration since the fall of Silvio Berlusconi’s government in November 2011.
The business tycoon stepped down over a sex scandal as Italy’s debt crisis deepened.
But Berlusconi has vowed to run for a fifth time as prime minister because he had a “sense of responsibility” for the country’s problems.
Italians have never warmed to Monti preferring the outspoken media magnet.
But Berlusconi’s critics say his priority if he wins power again will be to protect his business interests.
Latest world news
Iran election: ‘Victory’ for allies of reformist Rouhani
Trump jokes about protest in California
Air strikes and shelling cause more deaths in Aleppo
A leading German politician says the country’s mosques should come under state control
Will Michel Platini be back in charge for Euro 2016?
Wires > News
- 01:51 CET Oil rig helicopter crashes off Norway coast, 13 presumed dead
- 00:44 CET Six-storey building collapses as floods hit Kenyan capital, three…
- 00:10 CET Britain praises Cuba’s Castro for embracing realities of modernity
- 23:29 CET ‘Monstrous’ violence in Syria as government excludes Aleppo from…
- 23:12 CET Russian fighter did barrel roll over U.S. reconnaissance plane -…
- 21:30 CET China denies Hong Kong visit request by U.S. carrier group -…
- 21:14 CET Iran moderates eye more gains in run-off parliamentary election
- 20:14 CET Lavrov, Kerry discuss ways to strengthen Syria ceasefire – Russian…