ITALEXIT: Now former Italian PM warns Brussels ‘other countries could abandon EU’
Italy’s former Prime Minister has warned Brussels that the aftershock from Brexit is not over and that other nations, including his own were ready to abandon the European Union.
By ROSS LOGAN
Express.co.uk
Wed, Sep 21, 2016
Enrico Letta said “there may not be a Europe to fix” by 2017 unless there was level playing field for every member state.
He called for greater investment in weaker countries rather than relying on bailouts when their economies tanked, which has previously been the blueprint with Greece.
But he also said he hoped Britain’s withdrawal from the EU would bring greater democratisation of the single currency, adding the UK should not be allowed in the single market if it was unwilling to accept free movement.
Letta was speaking to La Stampa after presenting a report, “Growth and the Euro after Brexit” in Berlin.
He said: “We are not safe, other countries could follow London.
“There is not a monetary union without an economic union. We don’t believe in waiting and doing nothing until the German and French elections next year as Berlin and Paris want. We have to move: in September 2017 we might not have an Europe to fix.
“The economic union must generate the lack of investment seen during the years of crisis. Today we need European growth policies.
“We propose, for example, that the Bailout Fund is not used to put out the fire, but to create investment and have immediate reaction mechanisms and avoid calling the IMF as in 2009.”
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