Matteo Renzi, 39, has been sworn in as Italy's youngest prime minister ever.
The centre-left Democratic Party leader unveiled his government yesterday and said the broad coalition will bring hope to the economically stagnant country.
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Addressing veterans at an American Legion conference in Reno, Nevada, the president spoke in measured tones and stuck to prepared remarks.
Uncertainty over Brexit in the UK and strong economic data from Europe both contributed to the slump in the British currency.