Sunday, December 4, 2016

Europe holds its breath as Italy votes in key referendum

Italians are voting in a constitutional referendum on which reformist Prime Minister Matteo Renzi has staked his future.


Whatever the outcome of a vote being anxiously watched in capitals across Europe and carefully scrutinised on trading floors around the world, it will lead to change.

If the centre-left Renzi's proposals to streamline a 68-year-old parliamentary system are voted down, he has vowed to resign.

That would usher in a period of political uncertainty and potential economic turmoil for the country and its European Union allies.

The most apocalyptic scenarios involve a crisis of investor confidence causing the failure of a rescue scheme for Italy's most indebted banks, triggering a broader crisis across the eurozone.

But markets last week, while jittery, appeared to have discounted that risk.
 [rte.ie]
4/12/16
-
Related:

-

No comments:

Post a Comment

Only News

Featured Post

US Democratic congresswoman : There is no difference between 'moderate' rebels and al-Qaeda or the ISIS

United States Congresswoman and Democratic Party member Tulsi Gabbard on Wednesday revealed that she held a meeting with Syrian Presiden...

Blog Widget by LinkWithin