Conte, in power since 2018, has stood down after one of his governing partners pulled out of the coalition. The former law professor will try and form a new government to avoid a snap election.

For almost three hours, Giuseppe Conte answered various questions from Italian journalists in a traditional end of the year press conference. The prime minister made an appeal to those reluctant to getting vaccinated against Covid-19 to put away their 'ideological' or 'emotional' reactions.

Giuseppe Conte quit as Italy’s prime minister after being in power for just over a year. He blamed Matteo Salvini for the government’s fall, accusing him of “irresponsible rebellion.” Bloomberg’s Jerrold Colten reports on “Bloomberg Daybreak: Europe.”

Prime Minister Giuseppe Conte will stay on after all, after Italy's Five Star Movement made a deal with the center-left Democratic Party. The far-right Lega had forced a crisis by pulling out of the last coalition.

Italy's Prime Minister Giuseppe Conte said he will offer his resignation to President Sergio Mattarella later today and called the actions of his Deputy Premier Matteo Salvini "irresponsible." Bloomberg's Maria Tadeo reports on "Bloomberg Markets."

In Italy, Deputy Premier Matteo Salvini will likely have to wait a week more to move ahead with his power grab. Senate leaders failed to agree on a date of the confidence vote that could bring down the populist coalition. Prime Minister Giuseppe Conte is expected to address his fate as leader on August 20th.

President Donald Trump told Italian Prime Minister Giuseppe Conte the U.S. is willing to help the country by buying government bonds next year as Italy seeks to refinance its debt, Corriere della Sera reported, citing three high-level Italian officials.

Giuseppe Conte, a 53-year old law professor with no political experience, has emerged as the leading candidate for prime minister in an Italian coalition government.