The next major EU flashpoint is probably in Italy due to the combination of another politically charged referendum, diabolical public finances, a flat-lining economy and under-capitalised banks with a lot of non-performing loans. Just like David Cameron did in the UK, Italy's President Renzi has staked his political future on winning a referendum planned for October. This referendum is to vote on constitutional reforms intended to provide more stable government. Italy has a history of changing its governments more often than most. There have been more than 60 Italian governments since 1945, with an average longevity of just over a year.