Italy Voted No in Constitutional Referendum. It's Only a Matter of Time for Italy to Leave the European Union
Matteo Renzi, an unelected, EU appointed yes man, staked his career on getting a "Yes" vote in the Italian Constitutional referendum. Well, the Italian people have had the fortitude and good sense to throw a spanner in the works, and this leaves the EU, Euroland and the Italian Banks up a gum tree.
The populist 4 Star Movement rises as the europhile prime minister Matteo Renzi lost the referendum. It's only a matter of time for Italy to leave the European Superstate.
Renzi to Resign Following Devastating Loss in Italian Referendum
Italian prime minister Matteo Renzi will resign following his loss in Italy’s constitutional referendum.
The Euro has fallen to its lowest price since March 2015.
As polls closed for the Italian referendum, initial indications suggested the government of Prime Minister Matteo Renzi was set to lose.
Just after midnight local time in Rome, the Prime Minister conceded defeat and signalled his intention to resign on Monday.
The vote, if it had succeeded would have shifted the power of the Italian senate and concentrated more power in the parliament. It was a plan that has been described as “authoritarian” by critics from opposition parties.
The populist 5 Star Movement (M5S) and their leader Beppe Grillo have been the most vocal and are expected to receive a boost from a “No” victory.
A “No” result is likely to spark calls for a fresh national election in which many predict a possible victory for Mr. Grillo’s movement.
M5S has promised the Italian public another referendum on leaving the euro currency as the economy in Italy continues to falter.
With Eurosceptics on the rise, 'Quitaly' may only be a matter of time after Brexit
5 December 2016
A Europhile Prime Minister resigns after losing a high-stakes referendum. The markets panic as Eurosceptics rejoice. Italy's current drama is looking an awful lot like what followed Britain's vote for Brexit.
Matteo Renzi's national rejection in this weekend's referendum is a huge victory for anti-establishment forces like Beppe Grillo's Five Star movement, which is now clamouring for an early general election in order to capitalise on the prevailing public mood.
The vote has struck terror into Europe’s ruling elite less than six months after Britain voted to leave the European Union, with policymakers feverishly insisting that it cannot be compared with Brexit. Might this be because they know anti-EU sentiment is on the rise in Italy, and fear the prospect of following Britain out of the bloc's exit door?
Matteo Renzi, an unelected, EU appointed yes man, staked his career on getting a "Yes" vote in the Italian Constitutional referendum. Well, the Italian people have had the fortitude and good sense to throw a spanner in the works, and this leaves the EU, Euroland and the Italian Banks up a gum tree.
The populist 4 Star Movement rises as the europhile prime minister Matteo Renzi lost the referendum. It's only a matter of time for Italy to leave the European Superstate.
Renzi to Resign Following Devastating Loss in Italian Referendum
Italian prime minister Matteo Renzi will resign following his loss in Italy’s constitutional referendum.
The Euro has fallen to its lowest price since March 2015.
As polls closed for the Italian referendum, initial indications suggested the government of Prime Minister Matteo Renzi was set to lose.
Just after midnight local time in Rome, the Prime Minister conceded defeat and signalled his intention to resign on Monday.
The vote, if it had succeeded would have shifted the power of the Italian senate and concentrated more power in the parliament. It was a plan that has been described as “authoritarian” by critics from opposition parties.
The populist 5 Star Movement (M5S) and their leader Beppe Grillo have been the most vocal and are expected to receive a boost from a “No” victory.
A “No” result is likely to spark calls for a fresh national election in which many predict a possible victory for Mr. Grillo’s movement.
M5S has promised the Italian public another referendum on leaving the euro currency as the economy in Italy continues to falter.
With Eurosceptics on the rise, 'Quitaly' may only be a matter of time after Brexit
5 December 2016
A Europhile Prime Minister resigns after losing a high-stakes referendum. The markets panic as Eurosceptics rejoice. Italy's current drama is looking an awful lot like what followed Britain's vote for Brexit.
Matteo Renzi's national rejection in this weekend's referendum is a huge victory for anti-establishment forces like Beppe Grillo's Five Star movement, which is now clamouring for an early general election in order to capitalise on the prevailing public mood.
The vote has struck terror into Europe’s ruling elite less than six months after Britain voted to leave the European Union, with policymakers feverishly insisting that it cannot be compared with Brexit. Might this be because they know anti-EU sentiment is on the rise in Italy, and fear the prospect of following Britain out of the bloc's exit door?
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