MILAN — Italian voters dealt Premier Matteo Renzi a resounding rebuke by rejecting his proposed constitutional reforms, plunging Europe’s fourth-largest economy into political and economic uncertainty Monday. Renzi announced he would quit following Sunday's referendum vote, in which 60 percent of voters rejected his reforms and signaled they wanted a change in political direction. (CNN) Matteo Renzi will offer his resignation as Italian Prime Minister in Rome Monday after suffering a crushing referendum defeat which could transform the country's political and economic landscape.
Italians go to the polls to for a referendum on whether to approve a constitutional law that amends the Constitution of Italy to reform the powers of the Italian Parliament. Prime Minister Matteo Renzi, who introduced the referendum bill, resigns after exit polls show that the no case is likely to be successful.