Ventotene summit to chart roadmap for EU’s response to Brexit vote

The leaders of the eurozone’s 3 largest international locations will meet on a small southern Italian island on Monday for further talks at the manner forward for the eu Union following Britain’s surprise vote to leave.

Italy’s prime minister, Matteo Renzi, will welcome the German chancellor, Angela Merkel, and the French president, François Hollande, to Ventotene off the coast of Naples for a 2nd round of trilateral talks before an informal Ecu summit in September.
The Italian island of Ventotene
The assembly ambitions “to expose the cohesion of Europe’s three biggest countries, but no longer to create a particular membership”, French diplomatic sources stated, adding that the primary purpose become to put together the informal Bratislava summit to map out a publish-Brexit course for the bloc.

Renzi chose the island because of its element in the foundation of the ecu, the Italian government stated. Imprisoned there all through the second one global struggle, two Italian intellectuals, Ernesto Rossi and Altiero Spinelli, wrote the influential “Ventotene manifesto” calling for a federation of European states.

Spinelli is buried at the island and the three leaders will lay a wreath on his tomb, the authorities’ declaration stated.

At their first talks soon after Britain shocked the union in late June through vote casting to depart, Hollande, Merkel and Renzi called for “a brand new impulse” for the ecu. Renzi stated last month that the Brexit vote represented “a political defeat” for Europe and a  that showed pressing reform turned into wanted.

Ecu states are divided on what direction the block must take to counter mounting Euroscepticism, of which the Brexit vote is the most dramatic instance. Brussels and other capitals worry requires similar in/out referendums may want to multiply, most imminently in the Netherlands.

 

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Berlin has made simple it needs “higher Europe” rather than “more Europe”, with finance minister Wolfgang Schäuble urging member states to be pragmatic and take an intergovernmental approach to solving the bloc’s problems.

“The aim should first of all be to keep the repute quo and to save you a further disintegration of the ecu-27,” one European diplomat stated.

The 3 leaders also differ over a way to boost the eurozone’s flagging economic system, with Hollande and Renzi each extensively backing greater investment and extra harmonisation, but Merkel worrying to hold the bloc’s integrity and particularly now not undermine its deficit and debt rules.
Matteo Renzi, François Hollande and Angela Merkel
The last time the three leaders met as a trio, in the week following Britain’s vote to go away, the German chancellor had signalled her loss of enthusiasm for “quantum leaps” in the direction of similarly Ecu integration, caution that “any degree that strengthens the centrifugal forces already plaguing Europe ought to have unpredictable consequences”.

For Merkel, the meeting is the being of a week of whirlwind diplomacy in an effort to see her meeting heads of kingdom in Tallin, Prague and Warsaw earlier than web hosting first the leaders of the Netherlands, Finland, Sweden and Denmark, and then the presidents of Slovenia, Bulgaria and Croatia at Schloss Meseberg, a baroque citadel out-of-doors Berlin.

The fallout from the Brexit referendum is expected to feature close to the top of the diplomatic time table for most of the week. While the question of comparable breakaway moves in different northern European member states is expected to be raised at Saturday’s get-collectively, Merkel’s tour of principal and japanese Europe is designed to scope out not unusual floor on adjustments to freedom of motion and the destiny of Ecu citizens based totally in United kingdom.

Poland and Hungary, of the most important internet beneficiaries of the eu budget, face cuts in subsidies when Britain officially secedes from the ecu Union.

also, on the Ventotene time table are likely to be internal and outside safety questions triggered by way of the latest string of Islamist militant attacks, and Europe’s migration crisis. The leaders are not going, however, to speak about specifics on Britain’s exit till London has determined what kind of new change deal it needs.