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Draghi Will Offer to Resign After Italian Coalition Splinters

  • Italian premier expected to offer his resignation Thursday
  • Government bond futures fell to their lows for the day
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Italy's Mario Draghi Resigns
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Italian Prime Minister Mario Draghi will offer his resignation later Thursday after the second-biggest party in his governing coalition boycotted a confidence vote.

The premier told his cabinet that he will offer to step down in a meeting with President Sergio Mattarella, according to a statement from his office. Draghi was expected to meet with Mattarella later in the evening.