Italy’s referendum and the specter of instability

Italian Prime Minister Matteo Renzi sits behind several microphones
All eyes are on Italian Prime Minister Matteo Renzi, who has said he will resign if changes to the constitution are rejected in the December 4 referendum (source: dpa)
  • Prime Minister Matteo Renzi’s job is at stake in Italy’s constitutional reform referendum
  • It is unclear whether the changes would achieve better governability or economic performance
  • The prime minister’s resignation would cast Italy into a phase of political instability that could jeopardize the eurozone’s future

On December 4, Italians will vote in a referendum on whether to amend their constitution. The reforms, proposed by Prime Minister Matteo Renzi’s cabinet, aim to streamline the legislative process and stabilize the political system. International observers have expressed concern over the vote, because the future of the government is at stake. The prime minister boldly announced that he would resign if the changes are rejected. With the populist Five Star Movement regularly polling above 25 percent, many worry his resignation would cast Italy into a phase of political instability that could jeopardize the eurozone’s future.

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment