Berlin

Gentiloni downplays dire economic warnings for No vote

Says 'apocalyptic prophecies' are 'irrational'

Gentiloni downplays dire economic warnings for No vote

Berlin, November 28 - Italian Foreign Minister Paolo Gentiloni on Monday said that warnings of dire financial consequences should a No vote prevail in the December 4 referendum on Constitutional reform are "exaggerated" and that a No victory is improbable. Gentiloni called the warnings, such as the Financial Times' assertion that eight Italian banks might fail if Italians vote to reject the Constitutional reform, "apocalyptic prophecies" and said making them was "irrational".

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