Europe was rocked again last night after the latest populist surge against Brussels.

The Italian prime minister was swept from power after calling a referendum on constitutional reforms, which became a vote on confidence in his government.

Matteo Renzi resigned shortly after exit polls indicated a clear defeat, saying: 'I accept all responsibility for this loss. I'll say it out loud.'

The result is a further landmark victory for populist movements, following Britain's vote for Brexit and Donald Trump's election win in the US.

Mr Renzi's opponent Beppe Grillo had urged voters to 'go with your gut not your brain' and had called for Italy to ditch the euro.

Read more at The Daily Mail.