Prosecco panic in Italy as Brexit vote nears

There will be no corks popping in Italy if Britain votes to leave the EU on Thursday: winemakers fear Brexit could burst prosecco's bubble in its number one export market.

Prosecco panic in Italy as Brexit vote nears
Sales of prosecco could suffer badly if Britain leaves the EU. Photo: Vincenzo Pito/AFP

Coldiretti, the association of Italian food producers, warned on the eve of the referendum that: “Brexit, by triggering a devaluation of sterling, could seriously upset trade relations.”
The organization said Italy's sparkling wine producers were among the most exposed to the risk with sales of prosecco and other forms of 'spumante' having surged 38 percent in the first quarter of 2016.
Britain has now overtaken the United States as the world's biggest market for Italian sparklers, according to Coldiretti.
The British love affair with prosecco was underlined last year when figures revealed that sales by value had outstripped those of champagne for the first time.
Barring a Brexit hangover, sales of the fashionable fizz in Britain are set to top €600 million this year.
Italy's drinks sector in general is among the most exposed to Britain, along with furniture manufacturers, according to a report by economic research group Nomisma.
Italy's poorest regions are also vulnerable to any disruption to trade. Some 16 percent of all exports from the southern region of Basilicata go to Britain, largely due to sales of Jeep automobiles manufactured there.
The Nomisma report also highlighted the risk of British tourists, currently the biggest spending among European visitors to Italy, seeing their spending power diminished by the devaluation and recession predicted by many economists in the event of Brexit happening.
“A UK exit from the EU would not be an apocalyptic event but in the short term the shocks to the (Italian) economy would not be insignificant,” the report concludes.

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Where can you celebrate Thanksgiving in Italy this year?

For Americans craving a taste of home with minimal effort, here's a look at the restaurants hosting Thanksgiving dinner in 2022.

Where can you celebrate Thanksgiving in Italy this year?

Thanksgiving is almost upon us, and many Americans abroad are looking forward to a taste of home during the festive season.

If you’re spending your first festive season in Italy, have no fear: with a little effort it’s perfectly possible to create your own authentic Thanksgiving at home.

But perhaps the idea of sourcing for the all right ingredients for a home-cooked dinner makes you feel exhausted; or maybe you plan to celebrate with a large group.

So what are the options if you prefer to dine out? If you’re in a major Italian city with a sizeable American expat population, you may be in luck.

Here are some of the restaurants where you can book a Thanksgiving dinner in Italy this November.

Although a wide range of Italian restaurants have held Thanksgiving celebrations in the past, we’ve restricted our list to those venues and groups that have confirmed they will be hosting an event this year on Thursday, November 24th.


7.30-11.30pm Milano Culture Club, DOT Chianti Restaurant. American-Italian fusion dinner, €35-€45. Book here.

7.30-10pm God Save the Food, Piave, Brera and Tortona locations. €38 includes water, coffee and a bottle of wine per 2 bookings. Booking details here.

No time given, 24th-27th November, Erba Brusca. Drinks not included, €45. Details here.

No time given, 24th-26th November, Route 66 Diner. €29; €1 extra buys a litre of beer. Book here.

8.30pm, California Bakery. Locations across Milan. Booking details here.

8-11pm Scopriamo la tradizione del THANKSGIVING in cucina! (‘Let’s discover the tradition of Thanksgiving in the kitchen!’) event. Specifically targeted at singles, €86.58. Book here.  


7-9pm or 9.30-11.30pm Hard Rock Cafe, Live Pearl Jam tribute act. €26.40 for one or €37.90 for two. Book here.

7pm until late American Club of Rome, Emme Restaurant. €50. Book here

6:30-8pm Highlander Pub. All you can eat buffet. €50. Book here

7.30-10.30pm or 8-11pm on Saturday, November 26th, Expats in Rome, Expats Club house on Via Portuense 104 in Trastevere. €40. Booking details here.

8.15pm or 9.45pm, Bakery House, Corso Trieste, EUR and Ostia locations. Drinks not included, €40. Booking details here. Takeaway Thanksgiving dinner also offered for €33; book here.

No time given, Hummustown takeaway (or stand around) Thanksgiving kiosk lunch. €20 for first course, €5 drink, €5 pecan pie. Booking details here.

7pm on November 23rd, Joel Nafuma Refugee Centre bring-and-share Thanksgiving meal. Entry is free and turkey provided; bring your own side or dessert and drinks. Book here.


9-11.30pm Hotel Savoy, Rocco Forte Hotel. Drinks not included, €65. Booking details here.

12-10pm Hard Rock Cafe, €26.40 for one or €37.90 for two. Book here.

7.30pm until late Ruffino’s Poggio Casciano wine estate, American-Tuscan food in the hills outside Florence. €40. Booking details here.

No time given, Ristorante Accademia. Booking details here.


No time given, 24th-27th November, Hard Rock Cafe. Live performance on stage at 9.30pm. €27.90 for one or €39.90 for two. Book here.


8.30pm, Birdy’s Bakery, Thanksgiving turkey burger, sides and cake. Details here.

Do you know of any other restaurants we should add to this list? Please leave a comment below or let us know by email.