(CNN) The Italian President nominated Carlo Cottarelli, a former official at the International Monetary Fund, to form an interim government. President Sergio Matarella called Cottarelli to the Quirinale, the Italian Presidential Palace, after previous attempts by Italy's populist parties to form a government failed. "I am very honored and I will do my best," Cottarelli told journalists outside the Quirinale, the Italian Presidential Palace. Cottarelli said Mattarella asked him to present a program to Parliament to run Italy until new elections are held early next year. "If my government wins the confidence vote, there will be new elections at the beginning of 2019 after approving the next budget," Cottarelli said.

Source: CNN May 28, 2018 06:45 UTC