Italian Prime Minister Giorgia Meloni has conceded defeat in a major referendum seeking to overhaul the nation’s left-wing judiciary, in what observers have cast as a blow to her air of invincibility heading into next year’s elections.

While Prime Minister Meloni has arguably led one of the most stable governments in Rome over the past two decades, with her conservative-populist coalition with Lega leader Matteo Salvini proving more stable than the technocratic-globalist governments that preceded hers, she suffered a significant setback on Monday following the completion of a two-day national referendum.

The Referendum sought to impose three…

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