Italian PM announces resignation after defeat in constitutional referendum

Image
IANS Rome
Last Updated : Dec 05 2016 | 8:07 AM IST

Italian Prime Minister Matteo Renzi announced his resignation on Monday, as exit polls suggested a large defeat in the referendum on cabinet-backed constitutional reform which was held on Sunday.

"The experience of my government clearly ends here. Tomorrow afternoon, I will gather the cabinet to thank my ministers, and later go to the Quirinale (the presidential palace) to resign," Xinhua news agency quoted Renzi as saying at a press conference.

According to local media, 'No' votes were at 59 per cent and the 'Yes' at 41 per cent.

"The vote turnout exceeded all expectations and the 'No' has won in a clear way," the Prime Minister said.

Polling stations closed at 11 p.m. (local time) and definitive results were expected later on Monday.

Provisional data from the Interior Ministry showed over 65 per cent of eligible voters cast their ballots, which was a very high turnout by Italian standards in a popular referendum.

The major amendment proposed was to cut the size of the senate to 100 from 315 seats, and strip it off the power to bring down the cabinet with no-confidence sessions and vote on national legislation.

The referendum was also seen as a key test of popularity for Renzi's centre-left cabinet.

--IANS

vgu/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 05 2016 | 8:02 AM IST

Next Story