Italian Prime Minister Enrico Letta announced that he will tender his resignation on Feb. 14.
The decision to resign came after members of the ruling Democratic Party called for a change of leadership, saying the country could no longer continue in its current state. The Democratic Party is the largest party in the ruling coalition.
It’s believed 39-year-old leader Matteo Renzi plans to take over as a prime minister. At a party meeting, Renzi said that the country needs a more aggressive government approach to the economy as a way out of Italian crisis.
Prime Minister Enrico Letta wasn’t present during the Democratic Party meeting, claiming he wants his party to make decision whether to support him or not without any pressure.
Once he receives Letta’s resignation, President Giorgio Napolitano is expected choose Renzi and make him responsible for forming a new administration.
If Matteo Renzi is named prime minister, he will be Italy’s third unelected leader in succession after Mario Monti and Enrico Letta.