• Italy doesn’t need flexibility, Europe needs it (Not that old chestnut)
  • Wants UK to remain in Europe, respects Cameron challenge over Junker but doesn’t agree with it
  • Italy has very good relationship with Germany
  • Deal with Merkel on budget flexibility is excellent (you know, the flexibility they don’t need
    ;-)
    )

Matteo Renzi looks like he’s been buddying up with our Ang.

EU’s Barroso was with him today and he welcomes Italy’s commitment to country specific recommendations and his meeting today was very useful.

Told you it would be a market shaker

;-)