Mario Draghi resigned as Italy’s prime minister, an inevitable outcome after the former Goldman banker and ECB head failed to round up enough support for vote of confidence on Wednesday, ending a national unity government formed to tackle unpopular reforms, plunging Italy into turmoil and putting it on course for snap elections as soon as early Sept 18 (according to Rai TV), in the process sparking a new political crisis for Europe at a time of already acute economic challenges.
In a statement, President Sergio Mattarella’s office on Thursday said that Draghi would remain in charge of current affairs.
Mattarella, who accepted the resignation just hours before the ECB will announce Europe’s first rate hike in 11 years, will meet Thursday afternoon with the speakers of both houses of parliament to agree on the next steps, which will likely include an emergency vote after the summer. The ballot may take place on Oct. 2. Fall elections are unprecedented in Italy, a time when parliament is usually preparing the annual budget.
The Tribulation is commencing…
Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.
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