Italian Prime Minister Matteo Renzi announced his resignation on Monday,
hours after learning he had suffered a crushing defeat in a referendum
on constitutional reform.
"My experience of government finishes here," Renzi told a press conference, acknowledging that the No campaign had won an "extraordinarily clear" victory in a vote on which he had staked his future
Interior Ministry projections suggested the No camp, led by the populist
Five Star Movement, had been backed by 59.5 percent of those who voted.
Nearly
70 per cent of Italians entitled to vote on Sunday cast their ballots,
an exceptionally high turnout that reflected the high stakes and the
intensity of the various issues involved
Europe was rocked again last night Sunday Dec 04,2016 after the latest populist surge against Brussels.
Italy is poised to become the next country to reject the establishment
as exit polls suggest a referendum protest vote is poised to beat the
government
The prospects of an Italian vote on leaving the single currency – and by extension the EU itself – now draw closer.
The
Italian Prime Minister Matteo Renzwas swept from power after calling a referendum
on constitutional reforms, which became a vote on confidence in his
government.
Italian Prime Minister Matteo
Renzi resigned shortly after exit polls indicated a clear defeat,
saying: 'I accept all responsibility for this loss. I'll say it out
loud.'
In an emotional press conference, Italian Prime Minister Matteo Renzi said he did all he could,
but will resign officially tomorrow when he meets his colleagues
The
result is a further landmark victory for populist movements, following
Britain's vote for Brexit and Donald Trump's election win in the US.
A rejected vote would reduce the senate's influence and withdraw power
from 20 regional governments in the country, gifting power to populists
committed to taking the country out of the euro
Italian Prime Minister Matteo Renzi's opponent Beppe Grillo had urged voters to 'go with your gut not
your brain' and had called for Italy to ditch the euro
People hold placards and chant slogans as they stage a protest against
Italian Prime Minister Matteo Renzi and for the constitutional reform
referendum
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