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1.Market Observations, 8.Was Sticky

24 Nov 2016 (AFR) – Italy: Matteo Renzi would seek early election after referendum loss

(24 November 2016, AFR, p12, by John Follain)

‘Prime Minister Matteo Renzi’s party would seek early elections in Italy by the summer of 2017 if he were to lose a referendum on constitutional reform, according to a senior official. Lorenzo Guerini, deputy-secretary of Mr Renzi’s Democratic Party, said in an interview that the group would try to reform the electoral system and then push for a fresh ballot if the “No” campaign won on December 4. Mr Renzi is going to the people on radical changes to the country’s senate – which he wants to reduce in size and power – and more broadly on the relationship between central and regional government.’

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