Italian President Giorgio Napolitano has accepted the resignation of outgoing Prime Minister Enrico Letta and will immediately begin formal consultations to form a new government and complete them by Saturday, a statement from Napolitano's office said, Reuters reported.
He is expected to ask center-left leader Matteo Renzi to form a government, after Renzi's center-left Democratic Party, the largest party in the ruling coalition, withdrew its backing from Letta on Thursday.