March 2017

March 8, 2017

Italy’s Economic and Political Forecast: Cloudy

Italy appears to stand in ‘no man’s land’ after voting against Prime Minister Matteo Renzi’s constitutional referendum on government reform. I reference ‘No Man’s Land’ because it’s characterized as the area between two opposing forces. There certainly seems to be a chasm with Italian citizens voting to throw Renzi out, and the country’s senate voting in Paolo Gentiloni who quickly reappointed almost all of Renzi’s ministers.        It’s too early to predict how this decision will affect Italy’s future and the country’s place in the European Union. While the government has changed hands from Renzi to the new Gentiloni government, []