Italy Will Face New Reality After Referendum on Constitutional Reform - PM Renzi

Italy will face new reality regardless of the results of the December 4 referendum on government-proposed constitutional reform, Prime Minister Matteo Renzi said.

On August 8, the Italian Court of Cassation approved the holding of the referendum on the constitutional changes which would see the Senate's powers limited in hopes to put an end to deadlocked government and political paralysis, frequently seen in present-day Italy.

It is also expected to give a winning party a chance to govern without forming shaky coalitions by introducing the system of run-off elections.

 "After December 4 we will enter the new reality both if the ‘yes’ response wins and in case of the ‘no’ victory," Renzi told Il Messaggero newspaper in an interview published on Wednesday.

Renzi added that Italy would become stronger and more stable if the citizens vote for the changes and noted that it was necessary to vote to reduce the number of the parliament members, to bring an end to the bicameral parliamentary system and to cut salaries of some officials, among the other reasons.
[sputniknews.com]
30/11/16
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• Reuters: Έτοιμη να αγοράσει ιταλικά ομόλογα η ΕΚΤ σε περίπτωση νίκης του "όχι"