Italy: Renzi Concedes Defeat and Resigns! We Won!

Andrew Anglin
Daily Stormer
December 4, 2016

Well, we won.

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The Spectator:

Matteo Renzi has conceded defeat in the referendum he called on his constitutional reforms and announced that he is resigning as Prime Minister. NO are on course for an overwhelming victory, they are ahead by a close to 60-40 lead in the count at the moment.

Needless to say, this referendum has profound implications for the Eurozone. The market was supposed to have priced in a defeat for Renzi, but the euro has fallen to $1.05 earlier this evening – down 1pc from Friday’s close.

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Defeat will lead to calls for early elections, next year and there is a chance that these elections could lead to the Eurozone’s first anti-single currency government. At the very least, the defeat of these constitutional reforms and Renzi’s fall will add to a sense that Italy is unreformable which will heap further pressure on Italy’s banks which have €286 billion of bad loans. There’s talk of a state bailout for Banca Monte dei Paschi di Siena – which could have a domino effect on other banks.

Italy’s No vote will also influence the Brexit debate. London is the Eurozone’s financial and banking capital. If – or, rather, when – the currency union is under pressure, EU leaders might well think twice about erecting barriers between the Eurozone and its financial and banking capital.

So.

We lost in Austria, won in Italy.

Not too shabby.

As the saying goes: “ya win some and ya lose some – and then you start winning them all and you round up all the Jews and gas them in fake shower rooms.”

Red Ice is covering this live.

Original article follows.

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Well, we lost in Austria.

But this is clearly due to the aggressive cucking of Norbert Hofer and his party.

In Italy, we have a much more clear-cut situation, as victory is not riding on any personality, but rather, against one. And one that is seriously unliked.

And it’s looking like we won.

BBC:

Italian Prime Minister Matteo Renzi has suffered a heavy defeat in a referendum over his plan to reform the constitution, exit polls suggest.

An exit poll on state broadcaster RAI suggests 42-46% voted to back reform, compared with 54-58% voting No.

Two other polls gave the No vote a similar lead of at least 10 points.

Mr Renzi, who has said he would resign if he lost the vote, is due to make a statement at midnight (23:00 GMT) from his official residence in Rome.

The referendum was regarded as a barometer of anti-establishment sentiment in Europe.

The vote asked about plans to streamline parliament but it was widely seen as a chance to register discontent with the prime minister.

Populist parties supported a No vote.

The opposition Northern League leader has called for Mr Renzi’s resignation.

The turnout was very high by Italian standards.

Nearly two-thirds of the electorate has voted in prosperous northern Italy but the turnout was much lower in the south.

For those who have not been following the details of the Italian situation, this was effectively a referendum on the European project.

So, it’s a rather major victory.

We’ll have updates here when victory is confirmed. These polls are probably right, but remember we thought we won Austria in the first round and it turned out we got Jewed.