In an earlier speech, Renzi had paid tribute to Letta, saying that he was not intended to put him "on trial". But, without directly proposing himself as the next Prime Minister, he said the Eurozone's third-largest economy urgently needed "a new phase" and "radical programme" to push through badly-needed reforms. The motion he put forward made clear "the necessity and urgency of opening a new phase with a new executive". Speaking privately to party leaders, Renzi said that Italy was "at a crossroads" and faced either holding fresh elections or a new government without a return to the polls. On 14 February, President Napolitano accepted Letta's resignation from the office of Prime Minister.