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Breaking News: Italian Prime Minister Matteo Renzi resigns after voters reject constitutional reforms

The Italian leader resigned following a resounding defeat of his proposed constitutional reforms, opening the door to a financial crisis in the country.

The result is also likely to boost the anti-immigrant Five Star movement, a party that campaigned against the referendum and is nearing Renzi’s Democratic Party in the polls.
The Five Star movement has vowed a referendum on the country’s membership in the euro currency if it captures the prime minister’s office.
This is a developing story. It will be updated.

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