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Italian PM Matteo Renzi Announces Plan to Resign After Referendum Defeat

screen-shot-2016-12-04-at-6-44-23-pm-650x451-1Italian Prime Minister Matteo Renzi announced that he will be leaving office Monday, after voters overwhelmingly rejected a constitutional referendum that he supported.

According to The Daily Beast, the reforms Renzi proposed would have reduced the Italian Senate’s power and size, while rearranging the balance of regional and federal government powers. Renzi staked his position on the referendum’s success, Renzi has announced that he will gather his cabinet Monday before giving his official resignation to President Sergio Mattarella.

“I have lost and I say it out loud,” Renzi said. Taking responsibility for the “extraordinarily clear” results, Renzi went on to confirm “[his] experience of government finishes here.”

Italy’s vote has been attributed to an international wave of populism in the West, which has been connected to the Brexit vote and Donald Trump‘s rise to the American presidency.

[Image via shutterstock]

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