Matteo Renzi, Prime Minister of Italy, urges European leaders to close the agreements of the TTIP as soon as possible, insisting that “failing to close the deal by the end of the year –possibly being the last chance because of the US elections in November 2016- would be a gigantic own-goal for our continent”.
He continued by saying that it is not possible that the United States of America is closing agreements with the Far East –referring to the Trans-Pacific Partnership-, and Europe is hesitating and creating unnecessary prolongations over TTIP. At the conference organized by the European University Institute of Florence where he attended, Italy’s prime minister spoke about the frustration that it is generating the slow progress of the negotiations, which began nearly two years ago. It is understandable Italy’s position regarding the constant pauses that TTIP negotiations are handling: Italy is one of the most, if not the most, heavily export-driven economies in Europe –from advanced manufacturing to luxury goods, food and wine- and is comprehensibly hoping to capitalize on the slide in the value of the euro to reboot its slow-moving economy.
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