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Renzi Posts Italy’s Biggest Election Victory in 50 Years

Prime Minister Matteo Renzi won Italy’s European Parliament elections with the biggest share of the vote in more than half a century, turning away a populist tide that overwhelmed governments in Paris and London. Italian bonds surged.

Renzi’s Democratic Party, or PD, won 41 percent of the vote in Italy, nearly double the 21 percent registered by Beppe Grillo’s euro-skeptic Five Star Movement, according to the Interior Ministry. The PD’s 41 percent was the highest for a single party since the now-defunct Christian Democrats took a point more in the 1958 parliamentary election.