Italy referendum result could send shockwaves through markets and Destory Europe
1,279 views · Published 14 November 2016 · 2:08 · Indexed 1 November 2026
Channel: Real Thing TV · 2016 · News & Politics
Italy referendum result could send shockwaves through markets and DESTROY Europe THE EU’s days might be numbered with Italy about to vote on a referendum which could send shockwaves across the continent. Analysts believe the outcome of the ballot on constitutional reform could have massive global implications. With many European leaders already coming under severe pressure from anti-EU parties ahead of elections next year the significance of the Italian result is huge. Defeat for Italian Prime Minister Matteo Renzi could lead to even deeper social turmoil in countries already struggling with austerity, immigration problems and a growing contempt for Brussels. Maria Paola Toschi, global market strategist at JP Morgan Asset Management told CNBC: "The upcoming Italian referendum this December may create volatility across markets as the year draws to a close." Ms Toschi said the referendum is widely considered as political test for Italy and its leader Matteo Renzi. She said: "A victory for Yes could reinforce the empowerment of the current coalition on an ambitious program of reforms.
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