Italy's Prime Minister will formally tender his resignation later after suffering defeat in a weekend referendum.
Italy's Prime Minister will formally tender his resignation later after suffering defeat in a weekend referendum.
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Matteo Renzi had said he would go if he lost the vote on constitutional reform.
The euro's taken a hit on the markets overnight, dropping to a 20 month low in value against the dollar.
John O'Brennan is Professor of EU Politics at Maynooth University – he says it's a setback for the single currency, and its membership:
