What Renzi's Referendum Means For Italy And The Eurozone

On Sunday, Italians vote on whether to pass sweeping changes to the Italian constitution proposed by Prime Minister Matteo Renzi. The reforms would reduce the number of senators in the legislation, which Renzi says would reduce bureaucracy and government gridlock.

Because Renzi has said he'd step down if the referendum fails, the vote has become a referendum on Renzi himself. After the Brexit vote, some are worried that Renzi’s failure could bring a financial crisis in Italy and further destabilize the euro.

Here & Now's Jeremy Hobson talks with Lorenzo Codogno (@codogno), founder of LC Macro Advisers and former chief economist at the Italian Treasury Department, about the referendum.