Italy

  • banca-d-italia
    Permalink Gallery

    Italy cannot afford to allow political instability to affect its troubled banking system

Italy cannot afford to allow political instability to affect its troubled banking system

One of the key concerns raised since Matteo Renzi’s resignation as Italian Prime Minister is that a period of financial instability could damage Italy’s already fragile banking system. Mara Monti writes that although the short-term market reaction to Renzi’s resignation was fairly mild, there may be a more severe reaction if the political situation cannot be resolved before the […]

Share
  • palazzorooftopview
    Permalink Gallery

    Italy’s referendum: Renzi’s gamble failed, so what’s next?

Italy’s referendum: Renzi’s gamble failed, so what’s next?

Following the outcome of Sunday’s referendum, Italy’s President, Sergio Mattarella, will do his best to avoid early elections. Any new caretaker government would easily take a full year to deliver a new electoral law and thus the baseline case remains for elections no earlier than the natural end of this parliamentary term in spring 2018, writes Lorenzo Codogno. He […]

Share

Italy’s referendum was a triumph of hope over fear

What does the result of Italy’s constitutional referendum mean for the country moving forward? Valentino Larcinese argues that the vote should be seen as a positive development for Italian democracy, albeit one that has opened up deep divisions which will take time to heal.
Check out EUROPP’s full coverage of Italy’s constitutional referendum.
Sunday, 4 December 2016, was an extraordinary day for Italian […]

Share
  • italyrefflagnine
    Permalink Gallery

    Reaction: Italian referendum and Matteo Renzi’s resignation

Reaction: Italian referendum and Matteo Renzi’s resignation

Italian Prime Minister, Matteo Renzi, has announced he will resign following defeat in the country’s constitutional referendum. We asked a number of EUROPP contributors for their immediate thoughts on the result, Renzi’s resignation, and where Italy is heading next. Check this page for more expert reactions coming in through the day. 

Alberto Alemanno: “The vote has killed the dream of […]

Share
  • renzi-parlamento
    Permalink Gallery

    Italy’s constitutional referendum: A roundup of the political commentary

Italy’s constitutional referendum: A roundup of the political commentary

On Sunday, 4 December, Italians are going to the polls to approve or reject the proposed constitutional reform, promoted by PM Matteo Renzi. The referendum may also carry political and economic consequences, as Renzi has stated he would resign in case the reform should not be approved. In the run up to the vote, Silvia Merler summarises some of […]

Share
  • Permalink Gallery

    Criticism of Renzi’s constitutional reform is wide of the mark – it would make Italy’s institutions more efficient and responsive

Criticism of Renzi’s constitutional reform is wide of the mark – it would make Italy’s institutions more efficient and responsive

In the final days of campaigning before Italy’s referendum, we are featuring a number of articles on the pros and cons of the proposed constitutional changes. In this contribution, Corrado Morricone takes issue with recent criticism of the reforms, arguing that they would make the country’s institutions more efficient and responsive to the needs of citizens.
Interested in other points […]

Share
  • grillo-m5s-2011
    Permalink Gallery

    Who’s afraid of the Five Star Movement? Why Italy leaving the euro remains unlikely regardless of what happens on Sunday

Who’s afraid of the Five Star Movement? Why Italy leaving the euro remains unlikely regardless of what happens on Sunday

Several observers have raised the possibility that should Italy’s constitutional referendum result in a No vote, it could leave the door open for Beppe Grillo’s Five Star Movement (M5S) to win power at the next Italian election. As James L. Newell writes, there has been particular concern over this prospect due to the Five Star Movement’s commitment to hold […]

Share
  • salvini-lega-nord
    Permalink Gallery

    Italy’s referendum: Don’t expect shockwaves after Sunday

Italy’s referendum: Don’t expect shockwaves after Sunday

The constitutional referendum scheduled for 4 December in Italy has been viewed as a key event for the country’s political stability. However, James L. Newell argues that the picture is far more complex than has commonly been recognised, with both a yes and a no vote likely to lead to a period of uncertainty.

Italy’s constitutional referendum, due to […]

Share
  • castelnuovo-di-porto
    Permalink Gallery

    The outcome of Italy’s referendum may be decided in Castelnuovo di Porto

The outcome of Italy’s referendum may be decided in Castelnuovo di Porto

Many Italian citizens living outside the country will have the opportunity to vote in the constitutional referendum on 4 December. But what impact could these votes have in shaping the result? Lorenzo Piccoli highlights that with voters outside Italy accounting for around 8 per cent of the electorate, the count at the Civil Protection Centre in Castelnuovo di Porto, […]

Share

Watch Italy’s referendum for potential banking problems

Italy’s constitutional referendum is fast approaching and financial markets are already jittery. Lorenzo Codogno and Mara Monti write that while some observers have pointed to the risk of the Five Star Movement getting into power, or even Italy leaving the euro, these are unlikely developments, at least in the short term. The real issue is not about political instability, […]

Share
  • parlamento-italiano
    Permalink Gallery

    Italians should back the constitutional reform – there is no guarantee this opportunity will arise again

Italians should back the constitutional reform – there is no guarantee this opportunity will arise again

As part of our series covering Italy’s constitutional referendum, scheduled for 4 December, Marco Simoni outlines a case for a Yes vote. He argues that the proposed reform would address a number of key institutional weaknesses in the country, and that by improving the functioning of Italian democracy, it would help establish proper accountability and trust in the political […]

Share
  • costituzione-italiana
    Permalink Gallery

    Unless the Yes campaign can shift tactics, Italy’s constitutional referendum is heading for a No vote

Unless the Yes campaign can shift tactics, Italy’s constitutional referendum is heading for a No vote

Italy’s constitutional referendum, scheduled for 4 December, has been billed as a vote of confidence in the country’s Prime Minister, Matteo Renzi. James Dennison and Jonas Bergan Draege illustrate, however, the more voters are invited to link the proposed reforms to Renzi, the less likely they are to support them. They suggest that with support for the reforms falling […]

Share
  • renzi-limelight
    Permalink Gallery

    Will Italy’s constitutional referendum mark the beginning of a ‘Third Republic’?

Will Italy’s constitutional referendum mark the beginning of a ‘Third Republic’?

On 4 December, Italy will hold a referendum on constitutional reform that has come to be viewed as a vote of confidence in Matteo Renzi’s government. Fabio Bordignon writes that Italy now has two very different paths in front of it: a Yes vote will potentially lead to a more presidential form of politics, while a No vote could […]

Share
  • consiglio-comunalejkhjkh
    Permalink Gallery

    Italy’s constitutional reform is ill conceived and can safely be rejected

Italy’s constitutional reform is ill conceived and can safely be rejected

Italy will hold a referendum on constitutional reform before the end of the year, with the country’s prime minister, Matteo Renzi, indicating that he will resign if the referendum fails. Gianfranco Pasquino and Andrea Capussela provide a comprehensive assessment of the proposed reforms, arguing that they would be unlikely to meaningfully improve Italian governance and could reduce levels of […]

Share
  • renzi venice
    Permalink Gallery

    Italy’s constitutional referendum: Mapping the possible political scenarios

Italy’s constitutional referendum: Mapping the possible political scenarios

Italy’s prime minister, Matteo Renzi, has stated that he will resign if he loses a referendum on constitutional reform scheduled to take place before the end of the year. Lorenzo Codogno writes that although the referendum will have major implications for the Italian government and the next general election, concerns about the wider impact on Italy’s political and financial […]

Share
  • 2016italyearthquakefeatured
    Permalink Gallery

    Italy’s earthquake: estimating the economic and financial damage

Italy’s earthquake: estimating the economic and financial damage

The human cost of the earthquake which hit Italy on 24 August was disastrous, with nearly 300 people killed and almost 400 injured. But the earthquake will also have both a short and long-term economic impact on the country. Lorenzo Codogno attempts to estimate the size of this impact, noting that the nature of the economic damage, the lack […]

Share
  • young people EP
    Permalink Gallery

    From brain drain to brain circulation: How labour mobility can help less developed European regions

From brain drain to brain circulation: How labour mobility can help less developed European regions

One of the potential problems created by the free movement of people is that skilled workers are drawn toward more developed areas, undermining the development of their own regions. As Riccardo Crescenzi, Nancy Holman and Enrico Orrù write, this process, commonly referred to as ‘brain drain’, can present a number of challenges for less developed European regions. However, drawing […]

Share

Europe’s next headache: Italy’s banking crisis

Italy’s distressed banking sector is quickly becoming a source of great concern throughout Europe’s financial markets. Angelo Baglioni breaks down the crisis as an outcome of two factors: bank mismanagement and the insolvency generated by a deep recession, which have caused bad loans to soar to unprecedented levels. He concludes it is reasonable to expect that the EU institutions will allow Italy to support its banking […]

Share
  • virginia raggi
    Permalink Gallery

    The Five Star Movement’s victories in Italy’s mayoral elections: A major blow for Renzi and the PD

The Five Star Movement’s victories in Italy’s mayoral elections: A major blow for Renzi and the PD

Italy’s Five Star Movement secured victory in mayoral elections in Rome and Turin on 19 June. James L. Newell and Arianna Giovannini interpret the results as a major blow for Italy’s Prime Minister, Matteo Renzi. Substantial problems now lie ahead for the Italian government, as the PM faces a looming referendum on constitutional reform on which he has staked […]

Share

Matteo Renzi’s election prospects: a work in progress

Matteo Renzi has been Italian Prime Minister since 2014, but has faced a number of challenges in retaining his support ahead of the next general election. James L. Newell writes that much will be revealed by the results of local elections in June, where Renzi’s party faces significant challenges, and beyond that by the usual problems of managing the […]

Share