Mario Draghi resigns as Premier, leaving Italy in political chaos

Investor reaction was clear, with the yield on the Italy's 10-year note jumping as much as 21 basis points to 3.6%, its highest since June

Italian Premier Mario Draghi resigned Thursday after key coalition allies boycotted a confidence vote, signalling the likelihood of an early election and a renewed period of uncertainty for Italy and Europe at a critical time.
 

Draghi tendered his resignation to President Sergio Mattarella during a morning meeting at the Quirinale Palace. Mattarella, who rejected a similar resignation offer from the premier last week, “took note” of the new one and asked Draghi's government to remain on in a caretaker fashion, the president's office said.

Investor reaction was clear, with the yield on the Italy’s 10-year note jumping as much as