Democratic Party secretary Matteo Renzi arrives to speak at a party leadership meeting to decide whether to yank support from Letta's fragile coalition government, accusing the premier of failing to make progress on key financial reforms, in Rome Thursday, Feb. 13, 2014. Italian Premier Enrico Letta faces a new challenge to his leadership Thursday as the head of his own party tried to orchestrate a power grab. Renzi, 39, has been critical of Letta since December, when Renzi was voted head of their Democratic Party. If successful, Renzi could be tapped to form a new government. (AP Photo/Roberto Monaldo) ITALY OUT
ROME — Italy’s president has accepted the resignation of Premier Enrico Letta after he was sacked by his own party in a back-room mutiny.
President Giorgio Napolitano said he would start consulting political leaders later today with an aim of finding a new government that can win parliamentary approval and enact necessary economic and political reforms.
The consultations are expected to last through Saturday. At their conclusion, Napolitano is widely expected to ask the brash, young mayor of Florence, Matteo Renzi, to try to form a government.
The 39-year-old Renzi engineered the stunning power play to knock Letta out of the premier’s office and move in, accusing Letta of failing to lift Italy out of its economic and political doldrums.