Italexit odds rise

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The de-globalisation revolution intensifies today as Italian PM Matteo Renzi confirms he may resign if he loses his referendum, via Reuters:

Italian Prime Minister Matteo Renzi suggested on Monday that he may not stay on if a referendum on constitutional reform that he is championing fails.

Asked in a radio interview what he would do if the ‘no’ vote won in the Dec. 4 referendum, he said: “If I have to stay on in parliament and do what everyone else has done before me, that is, to scrape by and just float there, that does not suit me.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.