Italian Prime Minister Mario Draghi to resign

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Italy's Prime Minister Mario Draghi has said he will resign - after a coalition ally pulled its support for the government.

Mr Draghi, the widely-respected former head of the European Central Bank, has been at helm of a broad coalition.

He won a confidence vote in the Italian parliament earlier, but a party in his ruling coalition did not participate.

"I will tender my resignation to the president of the republic this evening," Mr Draghi announced during a cabinet meeting, according to a statement released by his office.

"The national unity coalition that backed this government no longer exists."

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