Prime Minister of Italy, Mario Draghi has stepped down from his post after key coalition parties withdrew their support for his government on measures tackling the high cost of living. Draghi submitted his resignation to President Sergio Mattarella. However, Draghi’s government will continue to function under a caretaker capacity till a new leader is elected. He was elected as Prime Minister of Italy in February 2021.
Draghi’s exit will also be a setback to the western alliance against Russia’s invasion of Ukraine. The Italian leader has taken an uncompromising stand towards Moscow and was a key architect of the tough sanctions against Russian President Vladimir Putin.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Italy’s inflation rate hit 8 per cent in June, its highest level since 1986, according to the statistical agency. Faltering on a tight schedule of promised reforms would also jeopardise Rome’s ability to receive €200bn from the EU recovery fund.
Important takeaways for all competitive exams:
On February 1, 2026. In a gripping men's singles final at the Australian Open 2026,…
The Union Budget 2026-27, presented by Nirmala Sitharaman on 1 February 2026, marks a decisive…
Preparing for Banking, SSC, RBI, NABARD, and other competitive exams requires a strong grasp of…
The Union Budget 2026 has delivered one of the strongest signals yet of India’s changing…
Union Budget 2026-27 has placed sports firmly within India’s growth and employment strategy. While presenting…
The Union Budget 2026-27 has placed healthcare at the centre of India’s development agenda. With…