(MENAFN) Prime Minister Matteo Renzi has handed in his resignation to Italy's president, three days after losing a referendum he had staked his career on.
In detail, he had promised to wait until the Senate passed the 2017 budget, which it did earlier in the day.
President Sergio Mattarella will start consultations with political parties over forming a caretaker government at 18:00 (17:00 GMT) on Thursday.
In the meantime, Mr Renzi is to act as a "caretaker prime minister".
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