Calls mounted on Monday from populist and other opposition leaders for quick elections in Italy, seeking to capitalize on Premier Matteo Renzi's humiliating defeat in a referendum on government-championed reforms. But President Sergio Mattarella told Renzi to stay in office a bit longer until a critical budget law is passed. Some officials say Parliament could pass that law as soon as the end of the week.
The euro tumbled on Monday in Tokyo following the results in a referendum held in Italy on Sunday to decide whether Prime Minister's Matteo Renzi's plan to reform the Constitution should be carried out. After conceding defeat, Renzi announced he would be submitting his resignation to President Sergio Mattarella on Monday. The referendum results raised political uncertainty at continental level.
The Euro skidded to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country's shaky banking system. Renzi's defeat deals a body blow to the European Union already reeling under anti-establishment anger that led to the shock exit of UK from the club in June this year.
Italian voters have dealt a serious defeat to the government of Prime Minister Matteo Renzi. In a referendum Sunday, they rejected Renzi's proposed constitutional reforms, which would have changed the balance of power between the executive and Parliament.
By Gwynne Dyer - Today saying No is the most beautiful and glorious form of politics....Whoever doesn't understand that can go screw themselves. It could have been Donald Trump before the US election two weeks ago, or Boris Johnson during the Brext campaign in Britain last June, but it was actually Beppe Grillo, founder and leader of Italy's populist Five Star Movement.
The focus of the news from Italy this weekend will be political: there's a referendum on constitutional reform and the Prime Minister, Matteo Renzi, has said he will resign if the proposals are rejected. This could be followed by new elections which could in turn benefit the Five Star Movement, an anti-Euro group led by the former comedian Beppe Grillo.
Italy is not ready to pretend everything is alright when Europe is not functioning properly, Italian Prime Minister Matteo Renzi said the day after a key EU gathering. EU leaders had gathered in the Slovak capital on Friday to discuss the EU's future in the wake of Britain's vote to leave the bloc, wrapping up the summit by issuing a roadmap for tackling problems such as migration, security and the faltering economy.
247 dead and counting, the death toll after the 6.2 magnitude earthquake in Central Italy today. It hit on a hot summer morning in the middle of a busy tourism season. Today rescuers continued to search for survivors on Thursday morning.
An anti-establishment candidate has been elected Rome's first female mayor after Sunday's runoff elections in Italy. Thirty-seven-year-old lawyer Virginia Raggi led by a 2-1 margin over Premier Matteo Renzi's chosen candidate, Roberto Giachetti, who conceded defeat less than an hour after polls closed.
The world's longest tunnel officially opened on Wednesday, with the trailblazing rail passage under the Swiss Alps aiming to ease transit through the heart of Europe. With political unity on the continent shaken by a massive influx of migrants and the looming threat of Britain's EU departure, Swiss president Johann Schneider-Ammann said the tunnel would join the people and the economies of Europe.