Matteo Renzi

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Italy’s Foreign Minister Paolo Gentiloni talks to reporters after receiving a mandate to  form a new government. Photograph: Remo Casilli/Reuters

Italy’s head of state, president Sergio Mattarella has asked outgoing foreign minister Paolo Gentiloni to become prime minister of a new government. (...)

Matteo Renzi may be asked by Italy’s president Sergio Mattarella (left) to return as prime minister as he is still the leader of the party with the most votes. Photograph: Reuters

President Sergio Mattarella has indicated he would like to have Italy’s next prime minister appointed by next Thursday, before the two-day EU summit i(...)

European Central Bank president Mario Draghi: the ECB turned down a request by lender Monte dei Paschi di Siena for more time at a meeting on Friday. Photograph: Juan Medina/Reuters

The European Central Bankhas rejected a request by ailing Italian lender Monte dei Paschi di Siena for more time to raise capital, a source said yeste(...)

A man walks on the logo of the Monte dei Paschi di Siena bank in Rome. Photograph:  Alessandro Bianchi/Reuters

With the European Union facing myriad challenges – from Brexit to migration – memories of the euro zone crisis seemed a thing of yesteryear. But the s(...)

 Italian president Sergio Mattarella: will hold talks with  23  parliamentary groups. Photograph: Ettore Ferrari/EPA

Italian president Sergio Mattarella last night initiated three days of consultations aimed at appointing a successor to prime minister Matteo Renzi, w(...)

ECB president Mario Draghi  denied the scaling-back of the asset-purchasing programme was tapering. “Tapering has not been discussed today,” he said. Photograph: Frank Rumpenhorst/EPA

The European Central Bank will extend its landmark quantitative easing programme for a further nine months, but will buy a lower amount of bonds than(...)

Italian prime minister Matteo Renzi: was a committed European and  powerful voice against the austerity promulgated by Berlin and Brussels.  Photograph: Alessandro Bianchi

Political instability reached the shores of continental Europe this week as Austrian and Italian voters went to the polls in two very different, but e(...)

Following his formal resignation, Italian prime minister Matteo Renzi remains in office but only in an “ordinary business” caretaker capacity until such time as a new government is formed. Photograph: Alessandro Bianchi/Reueters

Italian prime minister Matteo Renzi, heavily defeated in Sunday’s reform referendum, on Wednesday night formally consigned his resignation to state pr(...)

Wall Street continued its  surge and a new high for transportation stocks added to the bullish tone. Photograph: Michael Nagle/Bloomberg

Wall Street surged yesterday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the elec(...)

A branch of troubled Banca Monte dei Paschi di Siena in Rome. The inability to resolve the banking crisis in ways that meet the constraints of Italian politics and European rules is now a canker in Italy’s politics.

Events are testing the euro zone yet again. The latest shock comes from Italy, where Matteo Renzi’s comprehensive defeat in the constitutional referen(...)

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