the articles & research center news
In just a few days, investors have shifted from perhaps excessive complacency to excess pessimism about Italian politics. Volatility is likely to remain for some time, as Italy is entering into unknown territory in terms of governance, which is perhaps worth a specific political risk premium.
Annalisa USARDI, Didier BOROWSKI
CFA, Strategy and Economic Research at Amundi
Bastien DRUT & Roberta FORTES
Strategy and Economic Research at Amundi
The constitutional reform has three components: a change to the Electoral Law of the Chamber of Deputies to introduce a strong majority framework (a Law already in force and unaffected by the referendum), a territorial reform strengthening the powers of the State, and a reform of the Senate which would reduce the number of senators from 321 to 100, no longer elected directly but by regional councillors.
Bastien DRUT, Valérie LETORT