Italian Prime Minister Matteo Renzi announced early Monday that he will turn in his formal resignation to President Sergio Mattarella later in the day, following a heavy defeat in his referendum on constitutional reforms.
Renzi said he took "full responsibility" for the loss, adding, "We gave the Italians an opportunity to change, but we didn't succeed." Renzi took office two-and-a-half-years ago promising to be an anti-establishment "demolition man," and the referendum was designed to reduce the powers of the upper house Senate and regional authorities in order to quicken the legislative process.
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