Need to Know: Ciao, euro! Global markets gird for the next wave of global populism

Another wave of global populism is headed our way after the Italians voted “no” to constitutional reforms. In real terms, it was a “no” to Prime Minister Matteo Renzi, who dutifully announced his resignation, casting Italy’s future into doubt.

“Now all bets on Italy’s political, economic, and financial stability are, once again, off. And by extension, the stability — what remains of it — of the eurozone,” writes Wolf Richter of the Wolf Street blog.

Read: What to know about Italy’s “no” vote.

Cheers from the right rung out across Europe. This tweet, for example, came from one of Italy’s leading right-wing politicians:

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