Exit polls: Italy says 'No' to Renzi's reforms

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  • Prime Minister Matteo Renzi will resign Monday after voters reject his referendum

(CNN)Italian center-left Prime Minister Matteo Renzi said he will resign on Monday, after conceding an “extraordinary clear” defeat on an Italian constitutional referendum.

“Tomorrow the President of the Republic will have a meeting with me and I will hand in my resignation,” Renzi said. “I take on full responsibilities for defeat and so I say I lost, not you,” he told supporters.
    The defeat of the referendum was resounding, with nealy 60% of voters saying “no.” It is considered a win for eurosceptic populist and nationalist parties in Italy, which campaigned heavily against Renzi and his promise to stimulate Italy’s sluggish economy.
    “When you lose you cannot pretend that nothing has happened and go to bed and sleep. My government ends here today,” Renzi said.
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