A large part of Africa’s growth and development is tied to the health of the eurozone and many African nations are hopeful that solution for the EU’s sovereign debt crisis will soon be found. Africa Research Fellow Anne Kamau says the EU’s monetary problems are fueling currency volatility in much of Africa, which has a lot to offer the global market place but needs investment dollars to help spur economic growth.
If Italy were to enter a phase of uncertainty, with shaky governments, with a new government, and be attacked on the financial markets, this would be a huge problem. Not just for Italy, of course, but for the rest of Europe. Italy is just too big to fail.
No Italian would seriously argue leaving the European Union. It would be absolutely suicidal for Italy.
As it is often the case with a referendum, people do not vote on the question itself. For most people it is, as very often the case, a vote for or against the government.