Renzi's referendum defeat - 'confirmation of changing political landscape'

Investment sector reaction

Daniel Flynn
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Renzi's referendum defeat - 'confirmation of changing political landscape'

Fund managers have warned of short-term volatility following Italy's vote against constitutional reform in this weekend's referendum, which they say could "exert a baleful influence" on the country's struggling banking sector.

With most ballots counted in Sunday's referendum, Italy voted by 60% to 40% to reject  Renzi's (pictured) proposals to greatly reduce the power of the Italian Senate in order to simplify and speed ...

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