Renzi lost and has resigned. The result of the recent constitutional referendum is without precedent: almost twenty million NO votes buried the constitutional counter-reforms, and the Renzi government with them.

The results of the Italian Constitutional referendum and the sudden announcement of prime minister Renzi’s resignation are sending shockwaves throughout Europe. A victory for the No vote was expected, but the scale of the defeat for Renzi, with almost 60 percent supporting No, goes far beyond what had been anticipated by all exit polls.