THE European Union is facing a crunch referendum in Italy which experts have warned could “shock” the troubled bloc to its core.
The Wall Street Journal has said that the outcome of the October referendum on constitutional reforms is “more important than Brexit”, with the future of pro-Brussels PM Matteo Renzi riding on the result.
Other international news organisation have suggested that Italy could become the weak link of European growth and the possible centre of a new political shock ready to weaken the EU.
The Spanish newspaper El Pais called Italy “the new sick patient of Europe that could drag the continent back into crisis”.
Like Brexit, the decision to hold the referendum in Italy could destroy the man who suggested it – Prime Minister Matteo Renzi.
The main proposal of the referendum would be to reform the senate to make it more efficient, but there are concerns it could be used by a fed up Italian electorate to voice their frustrations with Brussels.
Mr Renzi has said that he will resign if the vote goes against him, with the eurosceptic Five Star movement riding high in the polls and ready to pounce at a snap General Election.
The referendum is a last attempt to address Italy’s democratic problems through constitutional change.
Full article: End of the EU? Italian referendum triggers SHOCK ALARMS across the USA and Europe (Express)