The stalling European integration project took another blow Sunday night when Italian Prime Minister Matteo Renzi’s effort to overhaul the constitution and stop the populist march in the euro zone’s third largest economy suffered a resounding defeat.Addressing the country shortly after midnight local time from his official residence at Palazzo Chigi in Rome, Mr. Renzi said he “takes full responsibility” for the stinging defeat and will submit his resignation to President Sergio Mattarella on Monday. “I have lost and I will say it out loud,” he said.
Italy’s Matteo Renzi says he will resign following referendum defeat (Reuters)
The referendum’s No outcome means that Mr. Renzi’s bold plan to overhaul the constitution, secure his tenure as a reformist leader and trip up the country’s – and by extension Europe’s – rising populist parties has died a premature death. At 2 a.m., the Italian interior ministry …
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