Matteo Renzi resigns after the Referendum voted NO in Italy

USPA NEWS - Italian Prime Minister Matteo Renzi has resigned after a clear defeat in a referendum over the reform of the constitution. The referendum results is as a 42-46% voted to back reform, compared with 54-58% voting No, leading to an exit poll. At midnight, today, Matteo Renzi, gives a press news.

Italian Prime Minister Matteo Renzi has resigned after a clear defeat in a referendum over the reform of the constitution. At midnight, today, Matteo Renzi, Italian Prime Minster, gives a news conference, and said he “takes responsibility for the outcome“ and that “the No camp must now make clear proposals“.----------------------------------------------------------------------- The referendum results is as a 42-46% voted to back reform, compared with 54-58% voting No, leading to an exit poll. The plan reform was designed to “increase stability and transparency“ in Italy the European country that had 60 governments succeeded since 70 years. It would have been the greatest reform ever seen in Italy, by transforming the “bicameralism“ to switch form the 3rd Republic to the similar to the 5th French Republic in terms of consituttion model (National Assembly and Senate). This law, which also melts the Senate from 300 to 100 members, also redraws the division of powers between the State and the regions, now accounting for their own expenses. Matteo Renzi took a huge risk playing his political carrier in the name of this reform, and he lost, in front of the "populis vote" Matteo Renzi said he would tell a Cabinet meeting on Monday afternoon that he was resigning, and then tender his resignation to the Italian president after two-and-a-half years in office. Source : With Agencies