Liberal Italian PM resigns after populist victory in historic referendum

[WestVirginiaRebel]

The Blaze:

The wave of economic populism in Western Europe and the U.S. has officially spread to Italy, with the country’s liberal prime minister resigning on Monday after a historic referendum vote.

 

Prime Minister Matteo Renzi said he would meet with Italy’s president and offer his resignation after 60 percent of Italians voted against a referendum for which he advocated.

 

“Tomorrow the President of the Republic will have a meeting with me and I will hand in my resignation,” Renzi, who assumed office in February 2014, said, according to CNN. “I take on full responsibilities for defeat and so I say I lost, not you.”

 

“When you lose you cannot pretend that nothing has happened and go to bed and sleep,” he added. “My government ends here today.”

 

If approved, the measure would have weakened the power of the upper house in the Italian Parliament, cutting the number of its members from 315 to 100. Proponents said reducing the number of lawmakers in the “Senato” would have made it easier to govern, but opponents claimed that doing so would have handed more power to the central government at a time when Italy’s economy is still struggling.

 

“It was shifting power from the regions to the center in a really unbalanced way. It was a dangerous reform for the roots of our democratic system,” Elly Schlein, an Italian member of the European Parliament, said.

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Italy's FU to the EU.