Reuters with a run down on developments in Italy:

  • Italian President Sergio Mattarella looks likely to nominate (current) Foreign Minister Paolo Gentiloni to head the next government
  • Gentiloni could potentially take office next week
  • He'll oversee new elections, but before any vote can take place Italy needs a new electoral law
  • Meanwhile, the country's third-largest lender, Monte dei Paschi di Siena looks as it needs an more or less immediate bhelp via state intervention to avoid collapse