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."

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