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Italy referendum: PM Matteo Renzi suffers heavy defeat, exit polls suggest | |
(35 minutes later) | |
Italian Prime Minister Matteo Renzi has suffered a heavy defeat in a referendum over his plan to reform the constitution, exit polls suggest. | Italian Prime Minister Matteo Renzi has suffered a heavy defeat in a referendum over his plan to reform the constitution, exit polls suggest. |
An exit poll for state broadcaster RAI suggests 42-46% voted to back reform, compared with 54-58% voting No. | |
The first projection based on the vote count points to an even wider defeat: Yes at 39-43% and No at 57-61%. | |
Mr Renzi, who has said he would resign if he lost the vote, is due to make a statement at midnight (23:00 GMT). | |
The referendum was regarded as a barometer of anti-establishment sentiment in Europe. | The referendum was regarded as a barometer of anti-establishment sentiment in Europe. |
The vote asked about plans to streamline parliament but it was widely seen as a chance to register discontent with the prime minister. | The vote asked about plans to streamline parliament but it was widely seen as a chance to register discontent with the prime minister. |
Populist parties supported a No vote. | Populist parties supported a No vote. |
The euro fell against the dollar immediately after the exit polls came out. | |
There have been growing concerns over financial stability in the eurozone's third largest economy, if Mr Renzi falls from power, as now seems likely. | |
Opposition leaders from the Northern League and Forza Italia have called for Mr Renzi's resignation. | Opposition leaders from the Northern League and Forza Italia have called for Mr Renzi's resignation. |
The turnout was very high by Italian standards - about 60% of the electorate cast their vote. | |
Nearly two-thirds voted in prosperous northern Italy but the turnout was much lower in the south. | |
What a No vote means | What a No vote means |
The No campaign in Italy has been spearheaded by the anti-establishment Five Star Movement, led by Beppe Grillo. | |
It wants a referendum on whether Italy should keep the euro. | It wants a referendum on whether Italy should keep the euro. |
The projections, if they are right, will give a boost to populist parties, including the Five Star Movement and the anti-immigrant Northern League. | The projections, if they are right, will give a boost to populist parties, including the Five Star Movement and the anti-immigrant Northern League. |
The referendum comes in the wake of the Brexit vote in the UK in June, and coincides with the rise of the anti-immigrant Front National in France and populist parties elsewhere. It also comes less than a month after the election of Donald Trump in the United States. | The referendum comes in the wake of the Brexit vote in the UK in June, and coincides with the rise of the anti-immigrant Front National in France and populist parties elsewhere. It also comes less than a month after the election of Donald Trump in the United States. |
Some 50 million Italians have the right to vote in the referendum - many voters are fed up with years of economic stagnation. |