Matteo Renzi said he would keep the national deficit at 2.9%, just under an EU ceiling of 3%, but would use an estimated 30 billion euros to cut taxes.
The former Prime Minister believes that a voting system modelled after Germany’s would allow the new parliament to get to work without losing time.
While France teeters on the brink of the far right, left parties elsewhere in Europe are showing surprising strength.
Former PM Renzi suffered a heavy defeat in a referendum on constitutional reform and wants early elections held this year in an effort to regain power.
Merkel, Europe’s longest-serving leader, has looked like the one safe bet in the region as angry voters have taken down leaders in Britain, Italy and France. But the Berlin market attack is a reminder that even she is vulnerable to events on the ground.
Gentiloni’s next main task will be to draw up a new electoral law. If this reform is completed quickly it could open the way to an election in the first half of 2017.
Elections are due in 2018 but many politicians are calling for them to be held earlier.
His decision to quit after just two and a half years in office deals a blow to the European Union.
“(This Sunday) could change the lives of our children,” he told a large rally in his home city of Florence.
Matteo Renzi has promised to resign if he does not win a December 4 referendum on constitutional reform.
Italy set out plans on Monday to help people staying in temporary accommodation in central Italy after the fiercest earthquake in decades struck regions already rocked by repeated tremors in the past two months.
Several homes and churches were brought down when a 6.6 magnitude earthquake struck the same central regions of Italy that have been hit by repeated tremors over the past two months.
The Italian writer and performer, famous for his cutting political satire in plays such as ‘The Accidental Death of an Anarchist’, won the Nobel prize for literature in 1997.
The suggested start of Brexit negotiations doesn’t do Britain any favours, nor Germany, France or Italy.
The constitutional reform abolishes the Senate as an elected chamber and prevents it from bringing down a government via a vote of no confidence.
EU leaders met to discuss a six-month post-Brexit ‘road map’ to restore public acceptance; however, leaving many leaders dissatisfied.
EU leaders are expected to focus on bolstering security at the EU’s external borders and boosting the capacity of an EU investment fund meant to generate growth and jobs.
Consensus will be a tall order in the coming days for the EU as they grapple with the same issues: refugees crisis, a fragile economy and Brexit.
The government has promised to rebuild the devastated area but, corruption and organised crime have given Italy a terrible track record for post-quake reconstruction.
Nearly 400 people were being treated for injuries in hospitals, 40 of them in critical condition while an estimated 2,500 people were left homeless.
The 6.2 magnitude quake struck a cluster of mountain communities 140 km east of Rome early on Wednesday, destroying hundreds of homes.
Rescue operators said the death toll was 25 on Tuesday evening, but was likely to increase further as several people were seriously injured.
Italy is the last major Western country to legally recognise gay couples and an original draft law had to be heavily diluted due to divisions in Prime Minister Matteo Renzi’s ruling majority.
Italy is seeking a strong foothold in Iran, a nation hungry for infrastructure investment as it emerges from financial isolation.