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This chart shows how a ‘no’ vote in the Italian referendum could cause devastation

italyscenario

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 >>>

Source:: BusinessInsider.Com