EURO IS OVER: Italy opposition set to push out Renzi AND failing currency after referendum
THE Italian referendum will see the euro currency shelved, current Prime Minister Matteo Renzi pushed out, and be the final nail in the coffin for the EU, the man potentially about to seize power in Italy has claimed.
By PATRICK CHRISTYS
Express.co.uk
Sun, Nov 27, 2016
The Italians are having a referendum on constitutional reform on December 4 and the current Prime Minister, Matteo Renzi, has vowed to resign if the people reject his proposals – and all the polls suggest he should be thinking about packing up his belongings.
If Mr Renzi’s Democratic Party loses the public vote and he resigns, it will open the door for right wing nationalists to become the dominant coalition power base in parliament, and the anti-immigration figureheads have vowed to “push” their leader if he does not jump.
This is hugely significant because in Italy it is forbidden to have a referendum on changing the terms of international treaties, such as the EU’s freedom of movement, or the single currency, so the decision on those issues entirely belongs to the government.
The only condition needed for Italy to reject the Euro and adopt a more nationalist approach is to have a majority right wing coalition in power, something that is now more likely than ever with the emergence of Matteo Salvini’s Northern League and the Five Star Movement, founded by former comedian Beppe Grillo.
Mr Salvini said: “If the ‘no’ vote wins, we’ll push Matteo Renzi. He has bet everything on this reform. We should have new elections as soon as possible.”
The Rest…HERE
