Mon 5 Dec 2016 / Europe
European fragmentation accelerates
Italy’s No to Prime Minister Matteo Renzi’s constitutional reform proposals signals further European fragmentation that could eventually escalate into the departure of a large member country from the euro. Following Renzi's resignation announcement last night, Italy’s short-term future is in the hands of President Sergio Mattarella, who has to decide whether to reappoint Renzi or ordain an ‘institutional government’ to carry on until the next general election due in early 2018.