The next vote that could rock Europe to its core occurs next week

Simon Tilford, deputy director of the Centre for European Reform (CER), said that an Italian referendum on the eurozone would lead to considerable instability in Europe. Mr Tilford said: “The act of calling that referendum would precipitate a crisis in Europe. It would embolden populist and anti-Europe parties elsewhere.”  
The latest polls show that Italy is set to reject the establishment by voting no in the constitutional reform referendum next week. But Mr Tilford said that Mr Renzi might not resign as promised because he has qualified his original pledge to do so. He added: “It looks like he is going to lose but we have got no idea if he will hold on to power or honour his original commitment by resigning. “If he hangs on, he might manage to ride the fallout until the next election.”