Former Italian Prime Minister Mario Monti on Referendum

The transcript discusses the formation of a government during a crisis in Italy, highlighting the challenges of political reform and the role of the constitution. It examines the proposed constitutional reforms, the importance of political stability, and the impact of referendums on markets and political dynamics. The conversation also touches on the reluctance of politicians to take unpopular measures and the potential consequences of political instability on investor confidence.

What is the significance of the number of governments Italy has had in the last 70 years?

What are the speaker's views on the potential impact of political instability on investor appetite?

How does the speaker compare the current market situation to that of five years ago?