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ECR EXTRA

Mon 2016-12-05 - Consequences of the Italy referendum

We would describe the victory of the ‘no’ voters in the Italian referendum as hardly shocking in the short term, but as very negative for Europe in the longer term. Indeed, what is going on?

Italy has a reasonably firm grip on its public deficit which in no way suggests that populists wishing to leave the euro suddenly have the upper hand. Moreover, not even 20% of Italians want to do away with the euro.


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