Home Old Breaking News Italian PM Matteo Renzi resigns after referendum defeat

Italian PM Matteo Renzi resigns after referendum defeat

5th Dec 16 9:30 am

The latest news in Italy…

The Italian Prime Minister (PM) has resigned after a huge defeat in a referendum over his plans to reform the constitution.

He stated in a late-night news conference that he took responsibility for the outcome and that the No camp must make clear proposals.

Nearly all ballots have been counted and the No vote lead with 60 per cent against 40 per cent for Yes.

The vote saw a turnout of almost 70 per cent.

Renzi said he will tell a cabinet meeting on Monday afternoon of his decision to resign.

Renzi’s plan was to change Italy’s current political system, he wanted to strengthen central government and weaken the senate, the upper house of parliament.

Many argued that the new reforms would have given the Italian Prime Minister too much power, the electorate also agreed.

Renzi may well be asked to stay on, at least until parliament has passed a budget which is due later this month.

Finance Minister Pier Carlo Padoan is the favourite to succeed Renzi as the position of PM.

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