Italian President Giorgio Napolitano delivered his New Year speech on Wednesday, confirming his early resignation. Napolitano also urged the country to tackle its major problems, such as corruption and youth unemployment, and proceed swiftly on the reform path with courage and more confidence.

"My speech tonight will be destined also to the one who will soon take in the role of president I am about to leave, giving my resignation," he said at the beginning of his speech. The president explained he could not underestimate the signs of fatigue of his age and no longer hold the office he was asked to take in for the first time in 2006.

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Source: http://www.dailytimes.com.pk/