Matteo Renzi formally resigns as Democratic Party leader

Former Prime Minister and leader of the Democratic Party, Matteo Renzi | Alberto Pizzoli  AFP via Getty Images

No party or coalition won enough votes in the March 4 election to govern alone. "We intend to deeply respect the vote of all Italians" by refusing to become a junior member of a rightwing or populist-led government.

Maurizio Martina, the outgoing agriculture minister who was named as the Democratic Party's interim leader, made clear that the center-left would not take part in any new government, as Renzi had insisted before his resignation.

The PD, which fell to an all-time low of 19% prompting Renzi to say he was quitting, is also being wooed by the League, which got 18% to FI's 14%, and by the anti-establishment 5-Star Movement (M5S), which got 32% in Italy's hung parliament.

The League leader, Matteo Salvini, had earlier on Monday rejected the idea of governing with the weakened PD or current prime minister, Paolo Gentiloni, hours after his main ally, the former prime minister Silvio Berlusconi, had called for the PD's support in order to avoid fresh elections. "Do you think a League voter wants Gentiloni in power?"

Polestar 1 offers pre-ordering in 18 countries
Initially Polestar was planning a limited run of only 1,500 cars, set to be built at the brand's new facility in Chengdu, China. The company eventually started offering performance upgrades for Volvo cars and in 2015 was bought by the Swedish automaker.

While the 5-Star Movement has said it would speak with anyone willing to find common ground, the League, led by Matteo Salvini, has indicated it is far from the 5-Stars on key issues, including how to make Italy's economic recovery more inclusive.

Parliament is set to convene for the first time on March 23, with the election of presidents of the two chambers and the constitution of a new government to follow shortly thereafter.

Italian media speculation is growing that the only way out of the parliamentary deadlock maybe a national unity government backed by all the main parties.

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