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Ignoring the threat of political instability in his own country, Mr Renzi believes that European leaders must learn from the UK’s Brexit vote or risk placing the European Union in further peril. Concerned over the EU’s sustainability, the Italian PM predicts “a lot of problems around Europe” if leaders don’t learn from Brexit. Speaking on CNBC, the 41-year-old said: “There are a lot of problems around Europe if Europe doesn’t consider Brexit an incredible wake up. “Brexit is bad news but is also at the same time a good opportunity.

CNBC · GETTY The Italian Prime Minister has claimed that Brexit was an

Brexit is bad news but is also at the same time a good opportunity Matteo Renzi

“I think the priority is to really change the relation between Europe and citizens. If we don’t change, the risk will be Europe becomes responsible for every problem in this continent. “If Europe continues to only discuss (economic) technocrats, the role of technicians, Europe is finished. So the question is… How everyone could help their respective countries to consider Europe as a great place for the future for democracy and ideals. “I am totally sure if we choose a different Europe in which there is not only austerity but an investment. I think with every effort we can change this direction (of countries considering leaving the EU).” The Italian also faces his own referendum challenge, as voters go to the polls in October to decide whether they approve constitutional reforms.