Italy’s referendum—diminishing democracy or cutting the fat?

On Dec. 4, Italian voters will be asked to cast their ballots on a constitutional referendum bill put forth by Prime Minister Matteo Renzi (pictured above). This referendum is essentially about streamlining the operations and functions of the Italian government in an effort to make Italian government more stable, nimble and cost-effective in an increasingly fast-paced and changing world.Italy certainly has much work on its hands in grappling with its public-sector size. According to recent numbers from the OECD, Italy’s government expenditure to GDP ratio was 51 per cent while its gross public debt to GDP ratio was 156 per

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