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Exit polls predict defeat for Renzi after Austria rejects far right – live | |
(35 minutes later) | |
10.36pm GMT | |
22:36 | |
Euro falls on forex markets following exit polls | |
My colleague Graeme Wearden has this on the reaction of Europe’s single currency to news of the Italian prime minister’s possible referendum defeat: | |
Europe’s single currency took an immediate dive on the foreign exchange markets when the referendum exit polls were released, but it’s not a full-blown crash. The euro has fallen by one cent against the US dollar, or almost 1%, to $1.0573. | |
Some economists have warned that a No victory would hamper efforts to recapitalise Italy’s banks, and undermine efforts to reform the country’s economy, which has been dogged by weak growth for the last 15 years. | |
10.30pm GMT | |
22:30 | |
The Guardian’s Stephanie Kirchgaessner has sent her initial analysis of the first exit polls in Italy’s constitutional reform referendum, which predict Italian prime minister Matteo Renzi is heading for defeat: | |
If the exit polls hold, the results will be read as a victory not only for the anti-establishment M5S, but for Matteo Salvini’s anti-immigrant Northern League. Voter turnout was especially strong in areas of Lombardy and Veneto that are considered strongholds of the Northern League, or Lega Nord, as it is known in Italy. | |
Renzi is expected to speak at midnight in Italy. Lorenzo Guerini, a top official from the prime minister’s PD party, declined to comment on the results in a brief statement in which he said the high voter turnout was a positive sign for the country’s democracy. | |
The possible win for the No camp could rattle European and global markets that had been rooting for a Renzi victory and will not want to see the country besieged by more economic and political uncertainty just as its economy was – slowly – improving. | |
In the days leading up to the vote, unnamed bankers expressed concerns in media reports that a no win could even destabilise plans to rescue Banca Monte dei Paschi of Siena. | |
Updated | |
at 10.32pm GMT | |
10.26pm GMT | |
22:26 | |
And here’s what that looks like in graphic form, together with the turnout – 69.1%. Remember, these are very much provisional figures based on exit polls, which are often unreliable in Italy. | |
Projections of the result based on the actual vote count can now be expected at regular intervals of around 30 minutes, with the first due before midnight. They should become increasingly accurate as the night goes on. | |
#Italy #referendumcostituzionale very early official results:Yes 46.6%No 53.4% pic.twitter.com/N4EwGf1bnQ | |
10.22pm GMT | |
22:22 | |
Here is Reuters’ first take on the predicted heavy defeat for Italian prime minister Matteo Renzi in the referendum on constitutional reforms on which he has staked his political future: | |
Italian Prime Minister Matteo Renzi has suffered a heavy defeat in a referendum over his plan to reform the constitution, according to exit polls. | |
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). | |
An exit poll by the Piepoli Institute/IPR for state television station RAI, estimated those voting ‘Yes’ to back the reform at 42-46 percent, compared with 54-58 percent for ‘No’. | |
Two other polls - by Tecne’ for privately owned TV channel Mediaset, by EMG Acqua for La 7 - gave ‘No’ a similar lead of at least 10 points. Voting ended at 11 p.m. | |
10.07pm GMT | |
22:07 | |
First exit polls: victory for No campaign | |
Italy’s exit polls are notoriously unreliable, says Stephanie Kirchgaessner in Rome, but early indications are showing a win for No. Rai News estimates 58-54% of Italians favoured No, while 46-42% supported Yes. If the results hold, it will be a major defeat of Matteo Renzi and Italy’s centre-left Democratic party and a big win for his opponents in the Five Star Movement and the far-right Northern League. | |
10.04pm GMT | 10.04pm GMT |
22:04 | 22:04 |
Polls close in high-stakes Italy referendum | Polls close in high-stakes Italy referendum |
Polling stations have just closed in Italy, where voters are having their say in a referendum on constitutional reform backed by prime minister Matteo Renzi and most of his supporters in the Democratic party but opposed by his rivals on the left and right, including Beppe Grillo’s M5S, in large part because they want to force Renzi out. | Polling stations have just closed in Italy, where voters are having their say in a referendum on constitutional reform backed by prime minister Matteo Renzi and most of his supporters in the Democratic party but opposed by his rivals on the left and right, including Beppe Grillo’s M5S, in large part because they want to force Renzi out. |
Stephanie Kirchgaessner, the Guardian’s Rome correspondent, says: | Stephanie Kirchgaessner, the Guardian’s Rome correspondent, says: |
With just minutes to go before the polls close, pundits in Italy are saying one thing is clear: the constitutional referendum was treated as a general election and showed Italians were highly motivated to make their voices heard. Now we have to wait to see what it is they’re telling us. | With just minutes to go before the polls close, pundits in Italy are saying one thing is clear: the constitutional referendum was treated as a general election and showed Italians were highly motivated to make their voices heard. Now we have to wait to see what it is they’re telling us. |
Updated | Updated |
at 10.05pm GMT | at 10.05pm GMT |
9.31pm GMT | 9.31pm GMT |
21:31 | 21:31 |
The Guardian’s foreign affairs analyst Simon Tisdall has this to say about what Alexander Van der Bellen’s victory in Austria’s presidential elections means for Europe in the wake of Britain’s vote to leave the EU and Donald Trump’s victory in the US: | The Guardian’s foreign affairs analyst Simon Tisdall has this to say about what Alexander Van der Bellen’s victory in Austria’s presidential elections means for Europe in the wake of Britain’s vote to leave the EU and Donald Trump’s victory in the US: |
The sigh of relief that followed Alexander Van der Bellen’s victory in Austria’s rerun presidential election on Sunday could be heard all over Europe. After the twin traumas of Trump and Brexit, centrist parties, social democrats and liberals of all stripes had feared another triumph for the advancing forces of nativist populism represented by Van der Bellen’s rival, the far-right Freedom party’s Norbert Hofer. | The sigh of relief that followed Alexander Van der Bellen’s victory in Austria’s rerun presidential election on Sunday could be heard all over Europe. After the twin traumas of Trump and Brexit, centrist parties, social democrats and liberals of all stripes had feared another triumph for the advancing forces of nativist populism represented by Van der Bellen’s rival, the far-right Freedom party’s Norbert Hofer. |
[But] comforting though Van der Bellen’s victory may be for European progressives, the fact remains that slightly more than 46% of Austrian voters backed Hofer’s candidacy. That figure reveals a nation that is sharply divided, and overall, more rightwing and intolerant in its outlook than previously. | [But] comforting though Van der Bellen’s victory may be for European progressives, the fact remains that slightly more than 46% of Austrian voters backed Hofer’s candidacy. That figure reveals a nation that is sharply divided, and overall, more rightwing and intolerant in its outlook than previously. |
You can read his full commentary here. | You can read his full commentary here. |
Updated | Updated |
at 9.34pm GMT | at 9.34pm GMT |
9.24pm GMT | 9.24pm GMT |
21:24 | 21:24 |
A quick reminder of what exactly Italians are supposed to be voting on today (as is the way with referendums, many will of course be voting on something else altogether), courtesy again of Stephanie Kirchgaessner: | A quick reminder of what exactly Italians are supposed to be voting on today (as is the way with referendums, many will of course be voting on something else altogether), courtesy again of Stephanie Kirchgaessner: |
A series of major changes to the Italian political system. These reforms, which affect a third of the Italian constitution, have already been approved by parliament but by a slim margin, thus requiring that they also be passed by referendum. | A series of major changes to the Italian political system. These reforms, which affect a third of the Italian constitution, have already been approved by parliament but by a slim margin, thus requiring that they also be passed by referendum. |
Under the current system, which was created under Italy’s 1948 constitution, there are two chambers of parliament with directly elected lawmakers, the Chamber of Deputies and the Senate. Both have equal power and both must agree on legislation before it is passed. This means it can take a very long time for things to get done. | Under the current system, which was created under Italy’s 1948 constitution, there are two chambers of parliament with directly elected lawmakers, the Chamber of Deputies and the Senate. Both have equal power and both must agree on legislation before it is passed. This means it can take a very long time for things to get done. |
Under the proposed reforms, the Senate would lose almost all its power – the number of senators would be reduced from 315 to 100, and the remaining senators would no longer be elected directly. Instead, the 100 would be made up of lawmakers selected by regional assemblies. Some mayors would also serve as senators. | Under the proposed reforms, the Senate would lose almost all its power – the number of senators would be reduced from 315 to 100, and the remaining senators would no longer be elected directly. Instead, the 100 would be made up of lawmakers selected by regional assemblies. Some mayors would also serve as senators. |
If the yes campaign wins, most laws could be passed, including Italy’s budget, by the Chamber of Deputies without consulting the Senate, arguably making the whole process of passing laws a lot easier. The Senate would only have the power to weigh in on big issues such as other constitutional reforms and the ratification of EU treaties. | If the yes campaign wins, most laws could be passed, including Italy’s budget, by the Chamber of Deputies without consulting the Senate, arguably making the whole process of passing laws a lot easier. The Senate would only have the power to weigh in on big issues such as other constitutional reforms and the ratification of EU treaties. |
9.14pm GMT | 9.14pm GMT |
21:14 | 21:14 |
Here’s the Guardian’s Rome correspondent Stephanie Kirchgaessner’s latest take on what the high turnout in Italy’s constitutional referendum could mean ... In a word (or four), no one really knows: | Here’s the Guardian’s Rome correspondent Stephanie Kirchgaessner’s latest take on what the high turnout in Italy’s constitutional referendum could mean ... In a word (or four), no one really knows: |
Figures released by the interior ministry showed that about 55% of eligible voters had cast their ballots as of 7pm. However, the relatively high turnout did not clearly favour the centre-left government’s campaign or the opposition, led by the anti-establishment Five Star Movement (M5S), because both sides have strongholds in high-voting regions. | Figures released by the interior ministry showed that about 55% of eligible voters had cast their ballots as of 7pm. However, the relatively high turnout did not clearly favour the centre-left government’s campaign or the opposition, led by the anti-establishment Five Star Movement (M5S), because both sides have strongholds in high-voting regions. |
Updated | Updated |
at 9.18pm GMT | at 9.18pm GMT |
8.59pm GMT | 8.59pm GMT |
20:59 | 20:59 |
Italy’s prime minister Matteo Renzi will address the nation at around midnight (2300 GMT), Reuters reports, an hour after polls close in the high-risk referendum on constitutional reform on which he has staked his premiership (he’s said he’ll resign if he loses.) | Italy’s prime minister Matteo Renzi will address the nation at around midnight (2300 GMT), Reuters reports, an hour after polls close in the high-risk referendum on constitutional reform on which he has staked his premiership (he’s said he’ll resign if he loses.) |
Exit polls are due to be released as soon as ballots close, but full results are not due until after 2am at the earliest. Some eager souls are already there: | Exit polls are due to be released as soon as ballots close, but full results are not due until after 2am at the earliest. Some eager souls are already there: |
PD headquarters in Rome, hopefully gearing up for a Renzi appearance pic.twitter.com/v3IoMXa0za | PD headquarters in Rome, hopefully gearing up for a Renzi appearance pic.twitter.com/v3IoMXa0za |
Updated | Updated |
at 9.03pm GMT | at 9.03pm GMT |