No Role for Renzi if Referendum Fails

Italian Prime Minister Matteo Renzi said on Thursday he would not take any part in efforts to form a temporary or technocratic government if he loses next month’s referendum on constitutional reform.

Renzi has promised to resign if he loses the vote, and with the majority of polls pointing to that outcome, attention has focused on what may happen after the Dec. 4 ballot.

Many observers expect a temporary government to be formed, charged with drafting a new electoral system, or a so-called “technical” government of experts without party affiliation.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.