Italian premier Matteo Renzi has said he will resign now that parliament has completed approval of the 2017 national budget.
Italy's president has asked Premier Matteo Renzi to delay stepping down until parliament can pass a critical budget law due later this month.
The Finance Minister Michael Noonan has denied there is a new financial crisis as a result of yesterday's referendum in Italy.
Italian voters have dealt premier Matteo Renzi a resounding rebuke by rejecting his proposed constitutional reforms, plunging Europe's fourth-largest economy into political and economic uncertainty.
Italy’s prime minister is to resign, after losing a key referendum on constitutional reform.
The value of the euro has dropped to a 20-month low against the dollar after the resignation of Italy's prime minister.
Italy's populist opposition 5-Star Movement says it is ready to run the country after voters triggered the demise of prime minister Matteo Renzi with a stinging defeat on his reforms referendum.