(CNN)Now it's Italy's turn for uncertainty.
By a large margin, Italian voters rejected a constitutional referendum on the reform of the parliamentary system that Prime Minister Matteo Renzi, of the center-left Democratic Party, had staked his reputation on.
In all of this Grillo brings Italy into line with the ongoing rejection of liberal democracy for something new that is still being defined. The "go screw yourself" holiday that Grillo invented (and that's the polite translation) captures the anarchistic and intolerant spirit of a party that despite being Italy's second largest may find it challenging to adjust to the compromises required for effective national governance.
Nervous economy? Most urgent, to many, is what Renzi's resignation will mean for Italy's economy, which is the third largest in the eurozone. While analysts at Credit Suisse and elsewhere don't expect an Italexit anytime soon, the Five Star Movement has declared it would hold another referendum on the single currency. The anticipated political instability could deter investors from re-capitalizing a banking sector in crisis due to an estimated 360 billion euros ($380 billion) of bad loans. More crucially for today's results, average Italians have been hard hit by 40% unemployment among young people and stagnant family income overall.
Italy should know better Some of the same anxieties and frustrations that brought Trump to power in America lie
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behind the rejection of Renzi in the name of something different, no matter how uncertain.
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