Italy's prime minister has agreed not to step down until after the budget is passed in the next few days. Paul Chapman reports.
Italian Prime Minister Matteo Renzi arrives at the presidential palace intending to hand in his resignation. He's stepping down after losing a crucial referendum on constitutional reform. Instead he left after agreeing to stay on in power until the budget is passed in the next few days. Renzi's decision to quit has triggered speculation that an early election could follow. That could pave the way for the anti-euro 5-Star Movement to take power. One of its members was applauded as he strolled next to the prime minister's office on Monday evening. In the meantime the president will consult with party leaders before naming a new prime minister, the country's fourth in succession to be appointed without an electoral mandate.