Italy's Renzi readies for power but faces daunting task




 
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Italy's Renzi readies for power but faces daunting task
 
February 14th, 2014  
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Topic: Italy's Renzi readies for power but faces daunting task


Italy's Renzi readies for power but faces daunting task
By Gavin Jones and James Mackenzie ROME (Reuters) - Italian center-left leader Matteo Renzi is one step away from forming a new government after he swiftly eliminated party rival Enrico Letta as prime minister. After Renzi and the rest of the center-left Democratic Party (PD) leadership forced Letta's hand by withdrawing their support at a special meeting on Thursday, the prime minister handed his resignation to President Giorgio Napolitano. Renzi, who would be Italy's youngest-ever prime minister and the third in succession to be appointed without winning an election, faces intense pressure to achieve the structural reforms that have eluded Italy for years. Renzi's decision to bring down the prime minister matured over the past fortnight, according to people close to him, after mounting pressure from Italy's business lobby which has criticized the Letta government for not doing enough to help the country's struggling corporate landscape.




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