Italian Five Star Movement Starts Preparation for Referendum on Leaving Eurozone

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Founder of the Five Star Movement in Italy Beppe Grillo has announced his intention to collect signatures in order to hold a referendum on Italy's departure from the eurozone.

ROME, October 12 (RIA Novosti) – Founder of the Five Star Movement in Italy Beppe Grillo has announced his intention to collect signatures in order to hold a referendum on Italy's departure from the eurozone.

"We either return to our national currency, or there is no future for us. We must leave the eurozone as soon as possible," Grillo said at a Five Star Movement meeting on Saturday.

"We will collect one million signatures. This time, we have 150 deputies and senators, and we have time to give them [signatures] to the parliament and adopt a law to hold a referendum," he added.

Grillo said the collection of signatures would begin in November, with everything to be ready for the voting by December 2015.

The Five Star Movement came in second place in the 2014 European Parliament elections with some 21 percent. One of the party's key promises was having a referendum on denouncing the euro, although the Italian constitution does not allow cancelling international agreements via referendums.

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