FIRST AIRED: December 2, 2016

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Transcript

00:00:00
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FOREIGN]
> There's just a few days left, and the stakes couldn't be higher. With his political career on the line, Prime Minister Matteo Renzi is in frantic campaign mode ahead of Sunday's referendum, telling Italians the country would be the strongest in Europe, if he wins. But increasingly, polls predict they'll vote no.
00:00:21
Renzi has promised to resign if voters reject his plan to drastically reduce the role of the upper house Senate. The opposition says the reform will reduce vital democratic checks and balances. The vote spooking markets and European leaders who fear it could be yet another crisis for the Eurozone.
00:00:40
A no result could trigger political instability. And more trouble for Italy's battered banks. Eight of them desperately need capital. Report suggests the government is already discussing a bailout with the European Commission. But regardless of Sunday's result, many Italians are worried about the economy and their money.