Italian Prime Minister Matteo Renzi leaves with his wife Agnese at the end of media conference after a referendum on constitutional reform at Chigi palace in Rome, Italy, December 5, 2016. REUTERS/Alessandro Bianchi
BERLIN (Reuters) - German Chancellor Angela Merkel said on Monday she was saddened by Italian Prime Minister Matteo Renzi's defeat in a referendum on constitutional reform that she supported, adding that the vote was a domestic matter that must be respected.
Many investors are looking to Merkel for leadership in Europe, fearing instability could reignite a sovereign debt crisis at a time when the EU is struggling with Britain's decision to leave and support for populist or right-wing parties is on the rise.
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