Italians are set to cast their vote in a historic referendum on which the exact details of the question they are voting on are quite technical – whether or not to accept constitutional reforms promoted by the centre-left prime minister, Matteo Renzi.
But the outcome could have significant political and economic consequences – not just for Italy, but for financial markets and the future of the euro.
Renzi has staked his legitimacy on the vote and declared he will resign if the […]
Brexit will spark an economic slowdown and ravage public finances, forcing a multi-billion-pound spike in state borrowing over the next five years, a gloomy mini-budget revealed Wednesday.
Britain is predicted to borrow an extra £122 billion ($152 billion, 143 billion euros) in the period to 2021, according to official forecasts from the Office for Budget Responsibility.
About half of that budget black hole — or £58.7 billion — is a direct consequence of Britain’s decision to leave the European Union, according to […]