Britain and Italy Say Agree on Need for Deep Reform of EU

Britain and Italy said on Tuesday that they agree on the need to reform the European Union to protect the rights of the bloc’s non euro zone members, promote business and tackle the migration crisis.

Britain is renegotiating some of the terms of its EU membership ahead of a referendum due by the end of 2017 but Prime Minister David Cameron has so far failed to reach agreement on plans to restrict EU migrants’ access to in-work benefits.

Writing in The Daily Telegraph newspaper, the British and Italian foreign ministers said there was much common ground.

“Italy and the UK agree on the need for a deep reform of the EU, simplifying its functioning, it procedures and its rules,” Philip Hammond and Paolo Gentiloni wrote in a joint comment piece.

“We can work together on an EU reform package that deals with specific issues such as the role of national parliaments, competitiveness, economic governance and welfare, in order to make the EU simpler, more efficient and less bureaucratic.”


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.