Italian PM expresses faith in EU institutions

FXStreet (Łódż) - Italian Prime Minister Matteo Renzi, who spoke before the European Parliament in Strasbourg on Wednesday, expressed his faith in EU institutions, adding however that change is necessary as well.

He suggested that if Britain decided to exit the EU, it would be a great loss. Moreover, Renzi urged the MEPs to "bring back confidence and hope to the EU."

On July 1 Italy took over the six-month EU presidency from Greece.