Technocrats to the Rescue in Italy?

For EU governments and financial markets, Matteo Renzi's defeat in Italy's constitutional reforms referendum will intensify unease about the risks of political and financial instability in the eurozone's third largest country. In many respects, anxiety about Italy's political future is overblown. Yet the concerns about the condition of Italy's banks, public finances and economy are well-founded and demand convincing measures from the nation's political classes if the shock from Mr Renzi's defeat is to be contained.