Markets Shrug Off Failed Referendum But Italian Banks Face Uncertain Future
|12/29/2016||Posted by BusinessMediaguide.Com under General World News||
Italy’s referendum on constitutional reforms failed by a wide margin last Sunday, triggering the resignation of cherubic Prime Minister Matteo Renzi and forcing officials to quickly calm fears about the country’s debt-laden banking system.
For the third time this year voters in developed countries rejected the globalist status quo – only this time, markets were prepared for the result. While official polling in Italy is prohibited within two weeks of elections and referendums, the “no” camp was firmly ahead at the beginning of the quiet period. The euro zone’s third-largest economy is in desperate need of political reform to break systemic read more >>>