Italy: Parliament passes Renzi’s flagship reform, opening way for referendum | Reuters

The Italian parliament passed Prime Minister Matteo Renzi’s flagship constitutional reform on Tuesday, opening the way for a referendum later this year on an overhaul aimed at giving Italy more stable governments.┬áRenzi says the reform will increase political stability and end decades of revolving-door governments that have made it difficult to revive the country’s debt-ridden economy. He has promised to resign if the referendum goes against him.┬áThe reform effectively abolishes the Senate as an elected chamber and sharply restricts its ability to veto legislation. In the current system, the upper and lower houses of parliament have equal powers.

Full Article: Italy passes Renzi's flagship reform, opening way for referendum | Reuters.

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