This Is What Analysts Are Saying About the Aftershocks of the Italian Referendum
A headwind for banking reform, growth and centrist politics, analysts say.
These Are Europe's Next Battlegrounds
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Europe's political landscape just got more complex.
The Italian referendum defeat, and the subsequent resignation of Prime Minister Matteo Renzi, threatens to vex efforts to clean up the country's banking system and may set in motion prolonged political paralysis that would undermine structural reforms and the nation's battle against its heavy debt load. The resounding vote against the constitutional referendum that took the euro to a 20-month low before the currency rebounded may also embolden anti-establishment movements in Europe ahead of key elections.