geezer466
LE
Italy referendum: all you need to know about Renzi's crunch vote
Renzi's yes or no referendum..... No have 54% in the polls and the momentum
and I suspect it is this to which Farage refers when he speaks of monumental shifts in opinion..
December 4th Italian Yes/No referendum. (Changes to constitution) but has morphed into a confidence vote in the Renzi Government.
Now you might think so what the Italian Government changes as often as people change their shoes. So what gives?
If the December 4 referendum fails, Renzi has promised to resign. Even if he doesn’t, the loss would politically castrate him. In all likelihood his government would collapse.
One way or another, M5S (5 Star. Italy's UKIP) will come to power. It’s just a matter of when. If Renzi’s December 4 referendum fails—and it looks like it will—M5S will likely take over within months.
Once it’s in power, M5S will hold a referendum on leaving the euro and returning to the lira. Italians will likely vote to leave. Also why Juncker was on the airwaves the other day saying National Referendums are unhelpful.
Italy is the third-largest member of the Eurozone. If it leaves, it will have the psychological effect of yelling “Fire!” in a crowded pub. Other countries—notably France—will quickly head for the exit and return to their national currencies.
Article 50 is largely neither here nor there, there may well be little left of the EU come 2019, and why the Liberals winning Richmond and trying to call it an anti BREXIT vote is white noise.......
Italians are voting in a referendum on 4 December that is getting a lot of attention and causing concern across Europe. The vote could lead to the resignation of the prime minister, Matteo Renzi, and, some argue, even jeopardise the euro.
Renzi's yes or no referendum..... No have 54% in the polls and the momentum
and I suspect it is this to which Farage refers when he speaks of monumental shifts in opinion..
December 4th Italian Yes/No referendum. (Changes to constitution) but has morphed into a confidence vote in the Renzi Government.
Now you might think so what the Italian Government changes as often as people change their shoes. So what gives?
If the December 4 referendum fails, Renzi has promised to resign. Even if he doesn’t, the loss would politically castrate him. In all likelihood his government would collapse.
One way or another, M5S (5 Star. Italy's UKIP) will come to power. It’s just a matter of when. If Renzi’s December 4 referendum fails—and it looks like it will—M5S will likely take over within months.
Once it’s in power, M5S will hold a referendum on leaving the euro and returning to the lira. Italians will likely vote to leave. Also why Juncker was on the airwaves the other day saying National Referendums are unhelpful.
Italy is the third-largest member of the Eurozone. If it leaves, it will have the psychological effect of yelling “Fire!” in a crowded pub. Other countries—notably France—will quickly head for the exit and return to their national currencies.
Article 50 is largely neither here nor there, there may well be little left of the EU come 2019, and why the Liberals winning Richmond and trying to call it an anti BREXIT vote is white noise.......