Transcript for Far-Right Candidate Loses Bid for Presidency in Austria

European moderates are celebrating the results of Austria's presidential election Alexander Vander balance appears to have defeated a right wing candidate. Official results are expected in the next day or so Germany's foreign minister called the win a good sign against populism in Europe in the wake of the Breck sitting. Vote the prime minister of Italy is resigning after a stinging referendum defeat on constitutional reforms. Italian prime minister Italian premier material frenzy said his proposal would have cut Italy's bureaucracy and made the country more competitive. But it was widely regarded as a chance to reject establishment politics. And another stunning resignation New Zealand's popular prime minister shocked his country by announcing that he is stepping down. John key gave an emotional speech after eight years on the job saying. It had taken its told his family he said a lot of leaders stay up top too long the national party will hold a special caucus a caucus a week from today to select a new leader.

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