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Five Star Movement calls for early Italian elections

Alessandro Di Battista of the Five Star Movement. Credit: Reuters

The movement that spearheaded the winning "no" campaign in Italy's referendum has called for early elections to replace Prime Minister Matteo Renzi, who has said he will resign following the vote.

Leaders of the populist Five Star Movement, the main rivals to Renzi's Democrats, are anxious to achieve national power for the first time.

Alessandro Di Battista, an MP for the movement, said: "The Five Star Movement isn't the only one who won, it was a battle of most Italian citizens who rejected a constitutional reform that deprived the Italian people of the umpteen rights."

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Early Italian election could impact financial markets

An early general election in Italy could have implications for financial markets, ITV News Europe Editor James Mates said.

Italian Prime Minister Matteo Renzi has said he intends to resign after being defeated in a referendum on constitutional reform.

Our correspondent said that there could be an election as soon as mid-2017.

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