The result of the constitutional referendum in Italy held last Sunday, December 4th, is undisputable, 60% voting “no”, and there was a large participation. Matteo Renzi immediately drew the logical conclusion and resigned his post as head of the government. Questions directly regarding the constitution did not matter as much as the inefficiency of economic reforms put in place by Mario Monti (2011-2013), Enrico Letta (2013-2014) and Matteo Renzi (2014-2016), that have had little to no effect on unemployment and growth. The “no” victory also means a rejection of the euro, largely criticised in the peninsula, as well as a refusal to accept immigrants. The lethal process we had invoked last July (at the time, the referendum was set for October) is likely to occur: since Renzi is resigning, there will be new elections, and polls predict that a coalition led by Beppe Grillo’s 5-star party would win. And their main demand is a referendum to abandon the euro – which would proba...
from GoldBroker.com https://www.goldbroker.com/news/does-the-italian-referendum-no-vote-mark-the-beginning-of-the-end-for-the-euro-1054
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