Courtesy of Mish.
Italy’s government is on the verge of collapse. Prime minister Matteo Renzi reiterated his position just yesterday, he will not hang on if a referendum he seeks does not pass.
Polls show the referendum will fail. Then again, polls have not been remarkably accurate recently, to say the least. On the other hand, this poll shows a strong preference to what is labeled “populism”.
Finally, there is always a chance Renzi will not resign and he is only attempting to manipulate the vote. Let’s sort this all out.
Let It All Hang Out
Renzi Rules Out Leading Technocratic Government After Referendum
Please consider Renzi Rules Out Leading Technocratic Government After Referendum.
Italian prime minister Matteo Renzi has ruled out leading a caretaker government if he is defeated in a key constitutional referendum next month, removing some of the uncertainty surrounding his political future after the vote.
Mr Renzi had said early in the campaign that he would resign if he lost but has faced pressure from some lawmakers in his Democratic Party to stay on regardless of the outcome on December 4.
In a radio interview with Rtl 102.5 on Thursday, he decisively rejected the notion.
“If the citizens vote no and want a decrepit system that does not work, I will not be the one to deal with other parties for a caretaker government – a little government, ” Mr Renzi
said.
Italy Polls Get Worse for Renzi as Referendum Nears
