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1.Market Observations, 8.Was Sticky

29 Nov 2016 (AFR,Telegraph) – Italy needs reform and a euro exit is inevitable

(29 November 2016, AFR, p41, Roger Bootle, The Telegraph)

On Sunday Italy goes to the polls to vote, not on membership of the EU, or even of the euro, but rather on an apparently arcane political matter, namely the powers of the upper house of the Italian parliament, the Senate. But there are close connections between this vote and the matters of the euro and EU membership. For a start, the referendum was triggered by the failure of Italy’s Prime Minister, Matteo Renzi, to change the constitution. He believes…’

Read more at Telegraph.co.uk

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