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European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
Prime minister Renzi of Italy resigns after defeat in a referendum to change the constitution. Renzi had said he would resign if there was a "no" vote on constitutional changes to make it possible to pass further reforms. The results show the "yes" vote with about 41% of the vote, and 59% saying "no." About 65% of 47 million registered voters voted. The referendum called for cutting the size of the upper house Senate eliminating some constitutional bodies, and increasing powers at the federal level. Renzi may have made the mistake of making the vote for or against constitutional change a vote for his democratic left party, and not understanding the depth of public skepticism of established parties. Parties such as 5 Star M5S have appealed to a public skeptical of how economic reforms would help bring more prosperity to the middle class, and a desire to try out new options. Virginia Raggi of M5S was elected mayor of Rome recently and Renzi's referendum move similar to the way prime minister Cameron moved for a referendum on an old issue of euroskeptisim, may have failed to grasp grassroots changes. The irony is that in 2014 elections to the European parliament Renzi's democratic left party won 40% of the vote and was seen at the time as a success, and the same size vote in the referendum is seen as a failure. In a referendum all other parties votes are added together from right to left parties and new parties. In the Brexit vote the Labor party "no" vote including Labor voters who never voted added to the votes of Brexit supporters and the newer UKIP party giving Brexit the slight edge needed. The singular feature of the trend is that working class voters are combining with right leaning voters to upset established parties, in the midwestern U.S., in the north of England, and in the north of France. In the medium to long run this means the left parties are likely to move to realign themselves with their base of support.
Italy's Five Star Movement in Italy's mayoral elections in 2016- increasing popularity as it closes the gap with the Democratic Party of prime minister Renzi
06/07/2016
Virginia Riaggi wins 35% of the vote in the first round of mayoral elections in Rome. The Democratic Party of premier Renzi has a disappointing performance in Rome, Turin, and Milan. This come as Italy still has a 11.7% unemployment rate in 2016, with youth unemployment at 37%. The IMF forecasts low growth for the next decade.
Grouped Articles
Populist Candidate Wins First Round of Rome Mayoral Election
WSJ 06/07/2016
European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
DW.COM 12/04/2016
Virginia Raggi could be the answer to Rome's mess | Europe | DW.COM | 04.06.2016
DW.COM 06/04/2016
DW.COM 11/18/2016
Italy’s ‘Five Star’ Grows Up Into a Real Party, Scandals and All
The New York Times 02/23/2018
Political novice Giuseppe Conte sworn in as Italy's new PM | DW | 01.06.2018
DW.COM 06/01/2018
Matteo Renzi, mayor of Florence, Italy and head of the Centre-Left Democratic Party in 2014
12/09/2013
Grouped Articles
Rising Star of Italian Left Ascends in Primary
Wall Street Journal 12/09/2013
Rise of Young Leaders Signals a Mandate for Political Change in Italy
New York Times 12/10/2013
Italian Premier’s Latest Challenge Comes From His Own Party
New York Times 02/12/2014
Italian Prime Minister to Resign, Clearing Path for Renzi
Wall Street Journal 02/14/2014
Italy's Prospective New Premier Faces Old Hurdles
Wall Street Journal 02/15/2014
Italy: The Next Stop on Populism’s Global March
WSJ 11/29/2016
Italy's premier Renzi's economic policy to generate higher growth to meet deficit targets, and tax breaks to help ordinary Italians hurt by falling incomes
04/09/2014
Incomes of average Italians have fallen to 1998 levels after decades of low growth. Renzi's plan is to help Italians build up savings, add jobless benefits to cushion impact of changing labor laws, tax breaks for business growth, and meet deficit targets through higher growth to satisfy the EU's focus on the deficit.
Grouped Articles
Italy PM Renzi: Cabinet Has Approved Three-Year Budget Plan
Wall Street Journal 04/09/2014
Italy Cuts Income Taxes in Effort to Boost Economy
Wall Street Journal 04/19/2014
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
Wall Street Journal 05/27/2014
Matteo Renzi Needs to Look Out for Italy First
Wall Street Journal 07/07/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Italy's prime minister Renzi's defeat in the constitutional reforms referendum of 2016
12/05/2016
Grouped Articles
European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
DW.COM 12/04/2016
Virginia Raggi could be the answer to Rome's mess | Europe | DW.COM | 04.06.2016
DW.COM 06/04/2016
DW.COM 11/18/2016
Prime minister Renzi and Italy's economy in 2015-2016
04/18/2015
Expected growth of 0.7% for 2015 puts Italy on the path to economic recovery. Prime minister Renzi continues to make slow but effective economic reforms to encourage growth, and enjoys wide support with polls showing 38% support for his centre-left party in 2015. He was able to get his nominee for president elected in parliament, and he is making key appointments to bring in a younger generation of leaders for state enterprises and in the government.
Grouped Articles
Reforming Italy’s government: Working on it
Economist 04/18/2015
Sovereign-Wealth Funds Agree to Invest $380 Million in Italian Property
Wall Street Journal 01/06/2016
The Secret Behind Italy’s Favorite New Film
New York Times 01/14/2016
European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
DW.COM 12/04/2016
The 2016 referendum in Italy and prime minister Renzi
11/30/2016
Grouped Articles
Italy: The Next Stop on Populism’s Global March
WSJ 11/29/2016
What’s at Stake in Italy’s Referendum?
WSJ 11/29/2016
European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
DW.COM 12/04/2016
Virginia Raggi could be the answer to Rome's mess | Europe | DW.COM | 04.06.2016
DW.COM 06/04/2016
DW.COM 11/18/2016
Prime minister Renzi of Italy and legislation for constitutional changes on electoral reforms
05/09/2015
The new legislation introduced by prime minister Renzi in the Italian parliament gives the party with 40% of the popular vote a majority of seats in parliament. This is designed to prevent the deadlocked politics and short lived coalition governments experienced by Italy since World War II. It has also made it difficult to revitalize the economy by making necessary changes for the long term that may be upopular in the short term.
Grouped Articles
Italy’s constitutional reforms: Swapping places with Britain
Economist 05/09/2015
Populist Candidate Wins First Round of Rome Mayoral Election
WSJ 06/07/2016
Italy: The Next Stop on Populism’s Global March
WSJ 11/29/2016
European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
DW.COM 12/04/2016
DW.COM 11/18/2016
The Five Star Movement of Beppe Grillo in Italy
10/01/2012
Italy's new movement which is anti-euro has seen public support go up from 4% in 2011 to 20% in 2012 in opinion polls. This party formed around Grillo's anti-establishment views and corrupt politicians won the election in Parma with little funding. Part of the popularity comes from the austerity measures taken by prime minister Monti, whom he calls "rigor Monti." Grillo supports environmental issues and describes himself as moderately liberal, at the same time he tightly controls this movement. He says his movement is similar to the movement in France of Marie Le Pen which opposes austerity measures and membership in the eurozone.
Grouped Articles
Italy Fails to Elect President
Wall Street Journal 04/19/2013
Opposition Leader Rallies Italians in Protest After President Is Re-elected
New York Times 04/21/2013
Italian Left Bolstered by Showing in Mayoral Races
Wall Street Journal 06/11/2013
In Italy, a comedian getting the last laugh - The Washington Post
Washington Post 10/01/2012
Italyâs Political Scandals Rattle Public Trust
New York Times 10/17/2012
Italyâs Center-Left Heads for a Runoff in Leadership
New York Times 11/26/2012
The M5S party, Virginia Raggi and Beppe Grillo, following the "no" vote in Italy's referendum in 2016
12/05/2016
Linked Articles
Virginia Raggi could be the answer to Rome's mess | Europe | DW.COM | 04.06.2016
DW.COM 06/04/2016
European leaders call for calm as Italy's Renzi resigns | News | DW.COM | 04.12.2016
DW.COM 12/04/2016
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