EU needs Italy more than Britain

The political psychodrama that has been unleashed in Britain reflects the reality of the European pecking order. The truth is, the EU has fires to fight that could be more fundamentally damaging than Brexit

Euro zone finance ministers meeting on Italy's budget plans . Pic: Getty

One of the mantras in the campaign to take Britain out of the European Union was that the country needed to escape a continent in disarray. Leading Brexiteer Michael Gove pointed to Europe’s sluggish economy and the burden of the Greek financial crisis. He even suggested that the EU had jeopardised security by letting in terrorists. By wresting back control of its borders and trade, Britain could “show the rest of Europe the ...