The appointment of Mr Letta, currently deputy leader of the centre-left Democratic Party, could see the end of two months of parliamentary deadlock.
An inconclusive general election in February left the country in political limbo.
Mr Letta said he would aim to change the course in Europe on austerity.
"European policies are too focused on austerity which is no longer enough," he said, following the closed-door meeting with the president in Rome.
Source: BBC 4/24/2013
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