EU situation after Brexit 'serious', says Italian PM

Rome:  Italian Prime Minister Matteo Renzi said in parliament on Monday that the European Union's situation after Britain's vote to leave the bloc was "serious". "It is a position we respect, whatever the British decide will be respected on our side," Renzi said about Britain's June 23 referendum's result, reporting to parliament before taking part in this week's European summit, Efe news reported. Renzi also told the Italian Senate that Britain's vote could be a great opportunity for the remaining members to enact reforms and improve the organisation from within. As to the upcoming Brexit-themed European summit, the Italian prime minister conceded "it won't be the last one involving this matter, I'm afraid".