Italy’s President Sergio Mattarella dissolved parliament, triggering a snap election following the resignation of the country’s Prime Minister Mario Draghi earlier in the day, writes CNN.

The national election will take place on September 25.

Mattarella branded the developments as “inevitable” following the political upheaval faced by the European Union’s third largest economy over the last 24 hours.

In a short address from his residence at the Quirinale Palace in Rome, Mattarella thanked Draghi and his ministers “for their efforts over the past 18 months”.

“The political situation that has been determined has led to this decision.The discussion, the vote, and the manner in which this vote was cast yesterday in the Senate made clear the loss of parliamentary support for the government and the absence of prospects for forming a new majority. This situation made the early dissolution of the chambers inevitable”, - he added.

Draghi’s resignation comes after several key parties in his coalition - the powerful 5-Star movement, the largest party in the country’s coalition government, center-right Forza Italia and the far-right League - boycotted a confidence vote in the government Wednesday night.