Swiss Economicblogs.org
Rejection of the government-backed constitutional referendum opens up a period of uncertainty for the Italian economy and financial system, but ECB’s continued dovishness will provide support.The Italian referendum on Senate reform was rejected on 4 December by a surprisingly wide margin (59% versus 41%) on high voter turnout. In the short run, the main risk is that rejection of the government-backed referendum will render a market-based recapitalisation of the Italian banking sector more...
Read More »What next for Italy after referendum?
