UK and EU heading for economic cold war, says Italian foreign minister

‘Economic interests’ were hoping to take some of the City of London’s position away from the UK, said Giro. Photograph: Dan Kitwood/Getty

 

Mario Giro says coming ‘battle of interests’ could have terrible consequences for western world

A senior Italian official has warned that the UK and the European Union are heading into an “economic cold war” over Brexit that could wreak havoc on the west and weaken the continent.

Mario Giro, Italy’s deputy foreign minister, said that while many countries in the EU had said the UK’s vote to leave the EU represented a loss to the union, there were more hardliners in the EU against the UK than it appeared. Continue reading