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.
Copyright © 2014 euronewsMore about:
- 1Israel: Hamas praises Jerusalem attack which killed baby girl
- 2Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 3Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 4Police search for possible suspects following attack on Canada’s parliament
- 5Intruder sparks lockdown at the White House
- 1Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 2Canada raises its terror threat following attack on soldiers
- 3Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 4Another battle for Ukraine as winter approaches amid gas row
- 5‘Criminal negligence’ blamed for death of Total boss Christophe de Margerie
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Sweden becomes first European nation to recognise Palestine | euronews, world news
- 7Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 8International tv news | euronews: European and International tv news bulletin
- 9Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 10European Union News | euronews: latest breaking news and headlines about European Union
- 11Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
- 12How nasheeds became the soundtrack of jihad | euronews, world news
- 13Iceland volcano ‘pollutes Paris’ | euronews, world news
- 14Ebola: Six new suspected cases in Spain | euronews, world news
- 15Learning through “serious games” | euronews, learning world
- 16euronews speaks to Ban Ki-moon ahead of key UN and climate change talks | euronews, the global conversation
- 17Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 18US delivers technical aid to Ukraine but warns over security | euronews, world news
- 19euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 20Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
Wires > News
- 22:51 CET Russian captured in Afghanistan to face terrorism charges in U.S.
- 22:50 CET Canadian parliament gunman acted alone – police
- 22:28 CET Brazil’s president widens lead in polls ahead of Sunday vote
- 21:27 CET EU leaders divided over costs as climate talks begin
- 21:22 CET Baby killed by Palestinian driver in Jerusalem was American – U.S.
- 20:58 CET Suspected Boko Haram fighters kidnap 25 girls in northeast Nigeria
- 20:24 CET Cash aid for refugees succeeds despite donors’ doubts
- 20:13 CET Analysis – Economic bounce, tough campaign point to Rousseff win…