Reuters/Tony GentileArticle 75 of the Italian constitution forbids referendums dealing with international treaties. That means that the country's constitution would need to be changed before a referendum could be held on EU and euro membership. A two-thirds majority in the lower house of Italy's parliament is needed to change the constitution. Such a majority looks highly unlikely right now, even if the Northern League and Five Star Movement increase their vote share in any future election.
A little-known article in the Italian constitution makes it virtually impossible for Italy to leave the euro or the European Union in the near future, even if the country ends up being ruled by a eurosceptic coalition in the coming months.
Article 75 of the Italian constitution could play a key role in defusing the developing crisis in Italian politics, a crisis which many fear could culminate in Italy pulling out of the euro.See the rest of the story at Business Insider
NOW WATCH: THE KRISTIN LEMKAU INTERVIEW: JPMorgan Chase's CMO explains how she deals with disruption on two fronts at once, why she's moving some ad dollars back to TV, and why it matters what your credit card feels like
See Also:The euro is bouncing back but analysts say it won't lastEverything you need to know about the Italian political crisis — which is 9 years in the making and could bring about the demise of the eurozoneItaly's political turmoil is sending shock waves through global markets