Italian Prime Minister Matteo Renzi is resigning after losing a key referendum on constitutional reform.
The result plunges the country into political turmoil, but with the European Union already reeling from multiple crises and struggling to overcome anti-establishment forces, many sought to downplay the broader significance of the vote.
EU finance commissioner Pierre Moscovici told reporters in Brussels that he has “full confidence in Italian authorities to manage this situation”.
He added: “I’m very confident in the capacity of the eurozone to resist all kind of shocks.”
https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png 0 0 alphatimes https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png alphatimes2016-12-05 00:00:002018-03-28 19:16:09Italian PM Matteo Renzi to resign after heavy referendum defeat