Italy referendum: PM Matteo Renzi resigns after referendum defeat

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Characteristically confident — detractors say arrogant — Renzi, 41, and Italy’s youngest premier, had bet his political future — or at least his current premiership — on a Yes vote win, and campaigned hard for a victory in recent weeks to confound opinion polls indicating that it would likely go down to defeat.

With votes counted from nearly all the polling stations in Sunday’s referendum, the No’s were leading Yes votes by a 6-to-4 margin, Interior Ministry data indicated. The turnout of 67 percent was especially high for a referendum, and more in line for a vote for Parliament.

“I lost and the post that gets eliminated is mine,” Renzi said early Monday about an hour after the polls closed. “The government’s experience is over, and in the afternoon I’ll go to the Quirinal Hill to hand in my resignation” to President Sergio Mattarella. Leaders of the populist 5-Star Movement, which is led by Grillo, joined the chorus among opposition forces for early elections. The 5-Stars are the chief rivals of Renzi’s Democrats and are anxious to achieve national power for the first time.

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