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Italy's Prime Minister Matteo Renzi won his first confidence vote in parliament in the early hours of Tuesday, Reuters reports, pledging to pass wide institutional reforms to tackle the country's economic malaise.

But the boyish-looking 39-year-old -- who has been compared to figures as diverse as Tony Blair and the Fonz -- has had a brief honeymoon period even by the standards of Italian politics, CNBC reports.

His speech in parliament on Monday was derided as "badly mixed minestrone" by an opposition politician.