Italian voters have rejected Prime Minister Matteo Renzi’s proposals by 59.1% in the referendum which took place on Sunday 4 December 2016. Having linked his political future to the result, Renzi has now confirmed he will hand in his resignation, following the steps of his peer in the UK after the Brexit referendum.
A period of uncertaintity could potentially ensue for the Italian markets, just as the economy was starting to pick up, which could have wider implications for the eurozone.
In this latest market insight, ICIS consultant Paolo Scafetta explores the Italian petrochemical industry post referendum.
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