Matteo Renzi Says He Will Resign After Losing Referendum

As was reported earlier, Prime Minister Matteo Renzi is expected to deliver a statement on the Italian referendum at midnight Italian time. According to Italy's RAI, the statement has been delayed by 20 minutes. It is unclear what the topic of Renzi's statement will be although speculation is rampant that the 41 year old prime minister may announce his resignation, opening the way for a new government and/or new elections.