Italy's popular Prime Minister Mario Draghi was on the brink on Wednesday after three parties refused to back him, foiling efforts to resolve a crisis now expected to lead to his resignation and snap elections.

Mario Draghi on last legs as bid to save Italy government fails

Mario Draghi, who draws at least two generous state pensions and owns or part-owns around 10 houses, has said he will not receive any salary for his job as Italy's prime minister.

Italy's Draghi, with lucrative state pensions, renounces salary as PM

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Mario Draghi on last legs as bid to save Italy government fails

Italy's Draghi, with lucrative state pensions, renounces salary as PM