Italian PM Defiant Ahead of Coalition Meeting

Italian Prime Minister Enrico Letta made clear on Wednesday he had no intention of resigning and said that if the center-left leader Matteo Renzi wants to replace him he must state it openly.

Letta spoke to reporters amid widespread speculation that Renzi, the leader of the Democratic Party (PD) that both men belong to, will push for the PD to withdraw its support from Letta at a leadership meeting Thursday.

“Anyone who wants to take my place must spell out their intentions,” Letta said after an hour-long meeting with Renzi in which neither man was willing to back down, according to sources.
Letta said he was proud of his government’s record and that he was motivated by a spirit of service to the country, not by personal ambition.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza