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

Yellen Testimony and Inflation Data Eyed

USD/JPY – Yen Hugs 109, US Inflation Report Next

First Brexit, Now Trump, is Italy Next?

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam