ITALIAN PRIME MINISTER RENZI RESIGNS - Italy Votes Against EU Takeover As Globalism Implodes
Matteo Renzi is preparing to formally submit his resignation to Italy’s president after defeat in Sunday’s referendum, as the country faces questions over whether it is on the brink of a takeover by populist and rightwing parties.
The prime minister conceded shortly after midnight on Monday and is expected to head to the presidential palace, the Quirinale, on Monday afternoon.
His attempt to overhaul the constitution and parliament was rejected by 59.1% of voters, on a turnout of 68%.
Live Italy referendum: 'Period of uncertainty' predicted after Matteo Renzi's defeat – live
Join us for coverage of crucial votes as prime minister confirms he will resign following his heavy referendum defeat, and Austria elects left-leaning president over Norbert Hofer
As newspaper headlines noted the demise of the man who was Italy’s youngest prime minister when he took office in 2014 – one headline said Renzi, 41, simply had “too many enemies” – attention quickly turned to what may happen next, with few certain answers.
The anti-establishment Five Star Movement (M5S) and the xenophobic Northern League quickly sought to capitalise on Renzi’s defeat and said they wanted snap elections, even before a planned reform of electoral laws is to go ahead.
Luigi Di Maio, one of the M5S’s rising stars, declared that the populist movement was ready to form a government, while the Northern League head, Matteo Salvini, said his fringe party – which has its roots in secessionism – ought to be considered a “serious alternative”.
Salvini said the result – and the strong showing of the far right candidate in the Austrian presidential election on Sunday – was a clash of “all against one”.
Daniele Caprera, the UK spokesman for the M5S, told BBC Radio 4’s Today programme that it was on the brink of coming to power.
“We are very credible. We want to change Italy. We want to participate in Europe but we need somebody who will listen. So far they have failed … All they have been focused on is economics and austerity,” Caprera said. Italian Prime Minister Matteo Renzi is set to resign on Monday after suffering a crushing defeat in a referendum over constitutional reform, tipping the euro zone's third-largest economy into political turmoil.
His decision to quit after just two-and-a-half years in office deals a blow to the European Union, already reeling from multiple crises and struggling to overcome anti-establishment forces that have battered the Western world this year.
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Renzi's emotional, midnight resignation announcement sent the euro lower and jolted stock and bond markets on concerns that early elections could follow, possibly paving the way for an anti-euro party, the 5-Star Movement, to come to power. Liberty is on the rise as worldwide referendums keep affirming that people demand self determination.
The globalists are on the run, but that means the stakes are higher as they launch their most desperate plans to enslave humanity. Alex breaks it all down in this insightful briefing. December 4, Italy is holding a referendum that will determine the fate of the entire European Union.
Donald Trump’s victory—which shocked Europe’s political and media elite—gives the populists backing the “No” side of Italy’s referendum the political rocket fuel they need for a virtually guaranteed win. It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.
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Posted by Nicole Bourbaki