Uncategorized 22.8.2016 07:29 pm

Italian PM says EU not finished after Brexit

(FILES) This file photo taken on May 05, 2016 shows Italian Prine Minister Matteo Renzi giving a news conference with the German Chancelor in Rome's Palazzo Chigi.
Weighed down by sluggish domestic demand and a bad debt-laden banking sector's inability to finance investment, the eurozone's third biggest economy ground to a standstill in the second quarter of 2016. That was bad news for Italian Prime Minister Matteo Renzi, who has staked his political future on a constitutional reform referendum scheduled for November and has to produce a 2017 budget by mid-October. / AFP PHOTO / ALBERTO PIZZOLI

(FILES) This file photo taken on May 05, 2016 shows Italian Prine Minister Matteo Renzi giving a news conference with the German Chancelor in Rome's Palazzo Chigi. Weighed down by sluggish domestic demand and a bad debt-laden banking sector's inability to finance investment, the eurozone's third biggest economy ground to a standstill in the second quarter of 2016. That was bad news for Italian Prime Minister Matteo Renzi, who has staked his political future on a constitutional reform referendum scheduled for November and has to produce a 2017 budget by mid-October. / AFP PHOTO / ALBERTO PIZZOLI

Britain’s exit from the European Union will not lead to the demise of the bloc, Italian Prime Minister Matteo Renzi vowed on Monday.

“Many thought the EU was finished after Brexit but that is not how it is,” Renzi said as he welcomed the leaders of France and Germany for crucial talks on how to revive the European project in the wake of the Brexit shock.

“We want to write a better page (in European history).”

French President Francois Hollande said Europe was faced with a risk of “fragmentation and division” while German Chancellor Angela Merkel recalled that the EU had been born from some of the “darkest moments” of European history.

The three leaders were speaking ahead of a working dinner aboard the Giuseppe Garibaldi aircraft carrier, anchored off the island of Ventotene, one of the cradles of the dream of a united, integrated Europe.

The three leaders are hoping to forge a common position on the way forward post-Brexit ahead of a summit of the 27 remaining EU states in Bratislava next month.

Europe’s economic outlook, jihadist attacks, the refugee and migrant drama, the Syrian conflict, and relations with Russia and Turkey were also expected to be on the agenda.

At a first round of talks in June, the leaders of continental Europe’s three biggest economies called for “a new impulse” for the EU.

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