Italian Prime Minister Matteo Renzi has handed in his resignation to President Sergio Mattarella, three days after losing a referendum. Mr Renzi had said, he will wait to hand his resignation until the Senate passed the 2017 budget, which it did earlier in the day.<br/>The President will start consultations with political parties over forming a caretaker government today.

Italian Prime Minister Matteo Renzi has handed in his resignation to President Sergio Mattarella, three days after losing a referendum. Mr Renzi had said, he will wait to hand his resignation until the Senate passed the 2017 budget, which it did earlier in the day.<br/>The President will start consultations with political parties over forming a caretaker government today.