Mario Draghi, the Italian prime minister, will resign today

“I will tender my resignation to the president of the republic this evening,” Draghi told the cabinet, according to a statement released by his office.

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After a party in his ruling coalition abstained from a vote of confidence, Mario Draghi announced on Thursday that he will step down as prime minister of Italy.

“I will tender my resignation to the president of the republic this evening,” Draghi told the cabinet, according to a statement released by his office.

“The national unity coalition that backed this government no longer exists,” he added.

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