This chart shows how a ‘no’ vote in the Italian referendum could cause devastation
|09/27/2016||Posted by BusinessMediaguide.Com under General World News||
Italy’s upcoming referendum, which has been cited as one of the biggest risks to Europe in 2016 alongside Brexit, could lead to a number of devastating consequences for the country and the rest of the European Union.
According to Fabio Balboni, European economist at HSBC, a “no” vote could lead to three possible scenarios, including the resignation of prime minister Matteo Renzi:
Italians will go to the polls on December 4 to vote on a series of changes to the way Italy’s institutional frameworks are structured.
As HSBC points out in this chart, a “yes” vote will substantially reduce the power of read more >>>