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Italy’s prime minister to resign; euro dives

Italian Prime Minister Matteo Renzi announced his resignation after voters in a national referendum soundly rejected his proposed constitutional reforms. After Renzi’s announcement, the euro dropped to a 20-month low and European stock markets were poised for a weak start.

Deutsche Welle (Germany)/Agence France-Presse/Deutsche Press-Agentur/Reuters/The Associated Press (04 Dec.)

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