BY COLLEEN BARRY
ASSOCIATED PRESS
MILAN (AP) — Italians vote Sunday in a referendum on constitutional reforms that is being closely watched abroad to see if Italy becomes the next country to reject the political status quo.
Premier Matteo Renzi has said he will resign if the reforms are rejected, and opposition politicians have vowed to press for a new government if voters reject the proposed constitutional changes.
The premier made no comment as he voted in Pontassieve, a Tuscan town east of Florence, along with his wife, Agnese Landini. He is expected to return to Rome later this afternoon to watch the outcome of the vote.
The risk of political instability in Italy, Europe’s fourth largest economy, has triggered market reaction before the vote, with bank stocks sinking and the borrowing costs on sovereign debt rising.
Italy is a 3rd-world country…..same with France.
Most of Europe is racing to become 3rd-world…