Europe holds its breath as Italy votes for change

Italian Prime Minister Matteo RenziItalians went to the polls Sunday in a constitutional referendum on which reformist Prime Minister Matteo Renzi has staked his future. If the centre-left Renzi’s proposals to streamline a 68-year-old parliamentary system are voted down, he has vowed to resign. The most apocalyptic scenarios involve a crisis of investor confidence causing the failure of a rescue scheme for Italy’s most indebted banks, triggering a broader crisis across the eurozone.

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