President Sergio Mattarella gave political parties until Tuesday to come up with proposals for a new government coalition, saying he will call fresh elections if they fail to find a solution to the current government crisis.
Prime Minister Giuseppe Conte will clear the air on the political crisis gripping his coalition as he is expected to announce his resignation today (20 August), opening a new period of political uncertainty for the eurozone's third-largest economy.
The prospect of an election re-run in Italy grew today (7 May) as President Sergio Mattarella held a final round of consultations to try to break two months of political deadlock with party leaders still far apart.
The anti-establishment 5-Star movement and the far-right Northern League could have enough support for a majority after Sunday's (4 March) general election, although some analysts believe such a coalition is unlikely.
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