A Vote "Yes" on Italy's Upcoming Referendum Would be Bad for the Economy, Says Jim Cramer

Italian voters will soon decide on a referendum that would change the structure of power in the country.
Author:
Publish date:

As Italy gets set to vote on a referendum to amend its constitution this weekend, TheStreet's Jim Cramer warns that a vote "yes" could be bad for Italy's economy. Cramer says Itay has been a huge beneficiary of the Eurozone, and changes could be problematic. Italy's prime minister has said he would resign if the referendum is defeated.  Voters will decide whether to reduce the role of the Italian Senate and transfer powers to the central government from various regions.