Italy's Padoan sees no impact on public finances from referendum


  • World
  • Friday, 02 Dec 2016

Italy's Finance Minister Pier Carlo Padoan attends a news conference at the Chigi Palace in Rome November 28, 2016. REUTERS/Tony Gentile

MILAN (Reuters) - There will be no impact on public finances if Italians reject a referendum on constitutional reform on Sunday but there could be "48 hours of market turbulence", Italy's economy minister Pier Carlo Padoan told daily newspaper Avvenire on Friday.

Asked if a No vote would make it more difficult to achieve growth of 1 percent in 2017, making an extra budget necessary, Padoan said "no, I do not see any impact from a No vote on public finances."

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Lawyers seek UN help for release of American held by the Taliban
Hush money testimony expected to focus on payment to ex-Playboy model
Explainer-How Trump's immunity claim stalled 2020 election subversion case
Kremlin says U.S. long-range missiles sent to Ukraine will not change war's outcome
More than 100 inmates escape after rain damages Nigerian prison
African migrant disaster survivor haunted by weeks lost at sea
Most global tech leaders see their companies unprepared for AI
India's poll panel seeks responses to complaints against Modi, Rahul Gandhi
Russian missile damages civilian, railway infrastructure in Ukraine's Cherkasy region, air force says
Iran's judiciary confirms rapper Toomaj Salehi death sentence

Others Also Read