"Six months to save the European Union": this is the common belief of Prime Minister Matteo Renzi and French President Francois Hollande after yesterday's meeting at the Elysée which ended with a pact between Italy and France in sight of Monday's momentous summit with German Chancellor Angela Merkel.
Renzi proposed to Hollande to separate investments from the Stability Pact, finding the French president consenting and determined to definitively overcome the austerity policy. Secondly, there is the problem of securing the banks for which they are relying on targeted purchases of bank bonds from Mario Draghi's ECB.
But, thirdly, there is above all the problem of migrants, which has also greatly affected Brexit, with the possibility of integrating the Italian proposal of the Migrant Compact with a sort of Schengen 2 suggested by Hollande.
Steps forward seem possible, also expected in terms of European defence. Italy and France seem to agree on the opportunity to move forward together and to convince Merkel of a new European pact of the three great founding countries to save Europe.
Meanwhile, the peaceful revolt of pro-Europeans continues in Great Britain who have already collected 2,5 million signatures under a petition for a new referendum on Brexit, which will be submitted to Parliament for consideration.
