Italian Prime Minister Matteo Renzi on Thursday won the backing of the country's biggest employers' lobby for a constitutional reform on which the 41-year-old premier has staked his political future.
Renzi's allies in parliament passed a constitutional reform that effectively eliminates the Senate as a legislative body and removes some powers from Italy's regions in a bid to speed up lawmaking and make governments more stable.
By law there must be a referendum on the changes. Renzi has said if he loses the ballot, expected in October, he will stand down, potentially unleashing political chaos and market turbulence in the euro zone's third-largest economy.
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