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Business Daily: Italy's Referendum

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02/12/2016 GMT

Italy's Referendum

BBC World Service - Business Daily, Italy's Referendum

A vote on constitutional reform may have big implications for Italy's economy and the EU.

What's at stake for Italian voters, and for its troubled banks? The PM says he'll resign if the vote goes against him. Could this be what some are calling Italy's Brexit moment?

Italy is already mired in negative growth, with high unemployment, especially among younger people, and there could be some major bank insolvencies looming. Is the constitutional referendum due this weekend, aimed at centralising power with the elected government, also set to plunge Italy and the eurozone into further crisis? We hear from Paola Subacchi, director of the International Economics Department at Chatham House, from Luca Paolazzi, the head of Italy's Confindustria confederation of industry, and from the country's former Prime Minister Mario Monti. What do they think is at stake for Italy in this referendum? Will the government fall with a No vote, and what do ordinary voters think about their place within the eurozone?

(Picture: Man walks past a poster in Rome calling for a No vote in Italy’s constitutional referendum; Credit: Filippo Monteforte/AFP/Getty Images)

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