Italy Referendum: ‘Period of Uncertainty’ Predicted After Matteo Renzi’s Defeat

Re-Blogged From The Guardian

Last month, Italy voted to reject changes to the country’s Constitution. The rejection was another step toward Italy leaving the EU and eventual breakup of the European Economic Community.

Brexit Vote

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

David Cameron, Britain’s Prime Minister, has negotiated terms with the other EU member states, which he feels justified to put to voters in an in/out referendum called for 23rd June. At this early stage in the campaign, the terms are not sufficient to give a clear lead in favour a vote to stay, contributing to a slide in sterling on the foreign exchanges. However, if voters do vote to leave the EU, it won’t be just sterling which suffers, but the euro will face considerable challenges as well.

It is thought that arranging for the referendum to be held at the earliest possible date will limit disaffection with the EU. Within this time-scale, the strategy is to emphasise the dangers of Brexit, highlight the advantages of being able to influence EU policies from within, and to emphasise the security benefits of being in as opposed to out. It is essentially a weak and negative campaign strategy designed to scare the electorate against change. Negative campaigns are a weak strategy, which tend to wane through repetition.

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