Italy's Renzi Said to Be Wavering on Resignation

The transcript discusses the political and financial turmoil in Italy, focusing on Prime Minister Renzi's uncertain resignation. The Italian President prefers Renzi to stay for stability, especially with pending electoral law and budget issues. The financial system's instability, particularly the banking sector, is a major concern. Potential solutions like tapping the European Stability Mechanism are considered but denied by officials.

How does the financial system's stability relate to Renzi's position as Prime Minister?

What role does the European Stability Mechanism (ESM) play in the current situation?