🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Italy's Renzi says prime ministers should be limited to two terms

Published 12/06/2016, 16:26
Updated 12/06/2016, 18:51
© Reuters. Italy's Prime Minister Matteo Renzi gestures during a news conference about ultrafast internet at the heart of his reformist agenda in Rome

MILAN (Reuters) - Italian Prime Minister Matteo Renzi said premiers should be limited to two terms in office, as he gears up for a referendum on constitutional reform that some fear could give excessive powers to the government and its leader.

Italy sets no limit on how many times someone can become prime minister, and critics say that the reform, which would drastically reduce the powers of the Senate and grant the lower house more, could create more conducive conditions for premiers to win an unlimited number of mandates.

"I think we should do at the most two mandates ... I would be ready to sign any law in this sense," Renzi said in a debate shown on Italian daily La Repubblica's online TV channel.

"Whoever governs, wears himself out ... that's enough of politics for life," Renzi said during the debate.

The 41-year-old, who came to power two years ago by ousting grand coalition-leader Enrico Letta, has staked his political future on winning the referendum which he says is crucial to more stable and stronger government.

In April, Italian lawmakers agreed constitutional reform to drastically reduce the powers of the Senate, granting relatively stronger authority to the lower house.

That is now being put to a popular vote in October.

While governments in Italy have historically changed before their terms were completed, frequently prompting economic problems, some politicians have repeatedly returned as premiers.

In the last three decades, Silvio Berlusconi was prime minister four times for three different governments.

Asked about Brexit, Renzi reiterated his belief that a vote to leave the European Union would be disastrous for Britain and would create financial turbulence in the very short term.

© Reuters. Italy's Prime Minister Matteo Renzi gestures during a news conference about ultrafast internet at the heart of his reformist agenda in Rome

"In the mid- to long-term, however, I don't have an apocalyptic view. For Italy and Europe it won't be a tragedy," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.