Is Italy The New Black Swan For Financial Markets?

The referendum in Italy on constitutional reform on December 4 th is likely to be the main source of concerns for the financial markets during the next few weeks.

With the “NO” camp slightly ahead in the polls, investors fear that a period of political instability could follow as the head of the Italian Government Matteo Renzi could resign, leading to a caretaker government and new elections in the spring.

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