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Watch Italy’s referendum for potential banking problems

Codogno, Lorenzo (2016) Watch Italy’s referendum for potential banking problems. LSE European Politics and Policy (EUROPP) Blog (22 Nov 2016). Website.

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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, but about financial stability: the combination of still modest economic expansion, vulnerability in the public finances and, more importantly, ongoing problems in the banking sector may ultimately lead to a dangerous mix.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2016 The Author(s)
Divisions: European Institute
Subjects: J Political Science > JN Political institutions (Europe)
Date Deposited: 04 Apr 2017 15:55
Last Modified: 24 Oct 2021 23:44

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