Paolo Gentiloni named Italy’s new Prime Minister

Paolo Gentiloni has been named as Italy’s new prime minister after the resignation of reformist leader Matteo Renzi in the wake of a crushing referendum defeat. Gentiloni is a close ally of Renzi and was Renzi’s foreign minister. The elections in Italy are due by February 2018. Italy is facing a troubled banking sector and carrying out relief efforts after a series of deadly earthquakes between August and October.