Saturday

1st Oct 2016

Ticker

Stieglitz: Italy referendum dangerous for euro

Nobel laureate economist Joseph Stieglitz has told US journal Business Insider that Italy's October referendum could be a "cataclysmic event" that brings down the euro. He said the referendum, on constitutional reform, will in fact be a vote of confidence in Italian PM Matteo Renzi, and that if he is forced out, new political forces could trigger a euro exit. "That is a big risk", he said.

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