Consider the potential outcomes and have plan to profit and protect your capital.
Italian Referendum - What You Need To Know
- Why is the Referendum Important? The reforms are significant and involve diluting power and size of the senate and replacing elected senators with representatives from the regions. Secondly, Italian PM Matteo Renzi has publicly stated that he would quit if he is unable to secure a victory for his constitutional changes.
- What happens if Renzi does quit? The paradox is a referendum that is seeking to bring stability of government to the notoriously volatile nation could in fact plunge it into a fresh crisis and potentially opening the door for the anti-EU Five Star Movement party.
- Overall Context According to the International Monetary Fund (IMF), Italian banks hold approximately $400 billion in troubled loans. On top of this, they are grappling concerns of slowing economic growth and rising unemployment.
2016 has seen a shift towards an anti-establishment feeling exemplified by the U.K. Referendum and the U.S presidential election – and as such, many voters see the Dec 3 Referendum as a chance to “drain the swamp”, Italian-style.APSEC Adviser Team
Italian Referendum: The Impact On Your Portfolio
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