Important Referendum In Italy

Once again, Italy is at the centre of European politics and history.

Today the country votes on Prime Minister Renzi's constitutional reforms. If Italy votes no it may pave the road to its eventual exit - Italexit - from the EU and trigger a banking crisis along with Renzi's resignation. If yes, it will call for, among other things, cuts in spending and a calming signal to the markets.

If a 'No' vote comes in it has the potential to have a bigger impact than Brexit. Italy is a core and founding member of the EU and one of the world's largest economies.

Italy, a country that has been a reliable and staunch supporter of a unified Europe since its inception, holds the future of the EU in its hands.

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