Talking politics
It was the briefest of reprieves that European politicians enjoyed on Sunday, as it became clear that Austrian voters had rejected (though still not by a colossal margin) the far-right presidential candidate Norbert Hofer. No sooner had that result been confirmed, however, than exit polls began to trickle in from Italy, which was voting on prime minister Matteo Renzi’s reform agenda. When the decisive “No” finally emerged late on Sunday it was clear that Renzi’s promise to resign in the case of a defeat was not simply a tactical error but a foolhardy gamble with European stability. French finance minister Michel Sapin quickly announced that the plebiscite was “a question of internal politics; the referendum wasn’t about Europe”. But with the eurozone’s third-largest economy now in disarray you can bet that the aftermath will be about little else.