Matteo Renzi

Italian president sets last-ditch talks on forming new govt

Italy's president has summoned the country's bickering political leaders to a single day of talks on Monday to seek a way out of a two-month political impasse.

President Sergio Mattarella's office said Thursday that the latest round of talks to develop a government coalition between the populist 5-Star Movement and the center-left Democratic Party had "faded." He said after five rounds of talks "no prospective of a government majority has emerged."

Reports have suggested that Mattarella could resort to appointing a "truce" government to lead Italy through 2018 to pass the budget, and hold a new election in 2019.

A center-right...