• RCS Ottawa

Will Italy also leave the European Union?


The smart money suggests that Italy will leave the EU. The country’s outflows are accelerating—up €118 billion ($130 billion) from just a year ago.

Why the accelerating outflows from Italy? One explanation is that people are worried about the state of the country's banks, which are suffering the consequences of bad lending, poor governance and a new euro-area oversight system that makes rescues difficult.

Another is political: Italian Prime Minister Matteo Renzi has staked his fate on a December government-reform referendum that, if it goes against him, could strengthen opponents who want to force a vote on whether Italy should remain in the common currency, a key element of the broader union. People are voting with their money.

#Brexit #leadership

Recent Posts

See All

The Doughnut Economy

Meeting the needs of all within the means of the planet, the Doughnut of social and planetary boundaries is a playfully serious approach to framing that challenge, and it acts as a compass for human p

Planning a green recovery

City councils are on the frontline of both the COVID-19 pandemic and the climate crisis. 33% of the West Midlands residents said that "active" travel was their preferred choice for taking action on cl

RCS Ottawa

Basil Crozier - Chair

Chair@rcs-ottawa.ca 

© 2020 By Royal Commonwealth Society Ottawa  Charity# 119128916RR0001

established 1968