Italy will DESTROY EU: Warning as Italian referendum to spark euro economic APOCALYPSE

Wednesday, July 20, 2016
By Paul Martin

ITALY is on the brink of financial and political meltdown as the leader of the Eurozone’s third-largest economy tinkers on the edge of career suicide, plunging the already beleaguered European Union into fresh chaos.

By REBECCA PERRING
Express.co.uk
Wed, Jul 20, 2016

Matteo Renzi has promised to resign if he loses a referendum on constitutional reform in October, which threatens to shake the financial foundations of the nation and push contagion to other nations in the crumbling bloc.

The Pro-EU Premier’s nickname is II Rottamatore – The Demolition Man – but many fear this moniker may come back to haunt him and he could become the main target for his own demolition.

Renzi’s departure would be taken badly by markets that have backed his reform agenda.

Guntram Wolff, director of Bruegel, an influential Brussels-based think tank, said: “Political instability would indeed cause financial instability.”

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