[Economist] No, grazie: Italian voters have rejected Matteo Renzi’s constitutional reforms

It was, said a hoarse, red-eyed Matteo Renzi, an “extraordinarily clear” result. His plan to reform Italy’s constitution was not rejected on December 4th by a margin of five or even ten percentage points, as the polls had suggested: the gap between No and Yes was a mortifying 20 points in Italy proper.

Official figures showed the rejectionist front winning by 60% to 40% in metropolitan Italy (and by 59% to 41% counting ballots cast by Italians abroad). And that was with a high turnout, which Mr Renzi’s advisers had believed would favour his cause. The humiliation came at the end of a 66-day campaign into which Mr Renzi threw himself with frenetic energy. He had little choice but to resign in the face of such an unexpectedly decisive outcome.

Mr Renzi had argued that that the reform was essential to make Italy more governable, and so more amenable to structural reforms. Anti-EU populists spearheaded the No campaign, though they were joined by establishment figures such as Mario Monti, a former prime minister, worried about the accretion of executive power sought by Mr Renzi through the combination of the constitutional reform (which would have emasculated the powerful Senate) with a lop-sided electoral law (which engineers a guaranteed majority for the largest party, even one with a small plurality, in the Chamber of Deputies, the lower house).

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Posted in * International News & Commentary, Europe, Italy