Italians voted Sunday in a referendum on constitutional reforms that was being closely watched to see if Italy becomes the next country to reject the political status quo.
Premier Matteo Renzi has said he will resign if the reforms are rejected, and opposition politicians have vowed to press for a new government if voters reject the proposed constitutional changes.
The premier made no comment as he voted Sunday in Pontassieve, a Tuscan town east of Florence, along with his wife, Agnese Landini. He was to return to Rome to watch the outcome of the vote.
The risk of political instability in Italy, Europe’s fourth-largest economy, triggered market reaction before the vote, with bank stocks sinking and borrowing costs on sovereign debt rising.
Italy’s European Union partners were closely monitoring the vote, which fell on the same day as a presidential runoff in Austria, where left-leaning candidate Alexander Van der Bellen took an unbeatable lead in early returns against a right-wing populist.