Investing.com - Italy has apparently rejected a constitutional reform referendum, Reuters reports early in Asia on Monday, handing Italian Prime Minister Matteo Renzi a major defeat and sending the euro lower as the latest populist wave is expected to claim his government.
Renzi has said he would resign if Italians rejected his plan to reduce the role of the upper house Senate and claw back powers from regional authorities. He is due to address the nation at around midnight (2300 GMT), Reuters said.