By Marta Di Donfrancesco
If you're interested in the latest developments in Italy's political landscape, you need to pay attention to the recent news about the referendum on government powers. Elly Schlein, the leader of Italy's main opposition party, announced that the required 500,000 signatures in 10 days have been collected to push for a referendum on government plans to grant regions more powers.
Schlein expressed her conviction that the law is wrong and dangerous and emphasized that the battle will continue with the support of the people who have already mobilized. The Supreme Court will now have to check the legitimacy of the proposal, ensuring that the necessary number of signatures has been reached, before the Constitutional Court rules on its admissibility.
If the proposal is cleared by the Court, a popular referendum can be held, which will be valid if at least 50 per cent of eligible voters participate. The reform, approved during a stormy all-night sitting in parliament in June, has faced criticism for potentially worsening the divide between the country's wealthy north and poorer south.
Championed by the League party in government, the new law would grant regions broader powers on public services such as health and education, as well as a greater say in how taxes are allocated. In Italy, referendums are seen as a test for governments, and if this one passes, it could pose challenges for the current majority led by Prime Minister Giorgia Meloni.
Analysis:
The referendum on government powers in Italy has significant implications for the country's political landscape. If the reform is repealed through the referendum, it could lead to a shift in power dynamics and potentially impact the government's ability to implement policies. The divide between the north and south of Italy could also be exacerbated by the proposed changes. Investors and individuals interested in Italian politics should closely monitor the developments surrounding this referendum to assess potential risks and opportunities for their finances and future investments.