A brief summary on the referendum in Italy and what can happen:

NO:
The 'no' can increase the political risk in Italy and can be read as another sign of populism gaining ground and the anti-system sentiment that grows in Europe. And it will also mean that the parliamentary blockade is not solved

YES:
If the 'yes' wins, on the one hand it can pick up the unprepared markets; On the other hand, could mean that the Constitution will be changed in a way that opens the door for the country to leave the EU in the 2018 elections. "
A brief summary on the referendum in Italy and what can happen
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