Italy's Renzi calls for stability for market after Brexit vote

Italian Prime Minister Matteo Renzi said Friday that his government and the EU institutions need to pledge that the Brexit vote would not cause instability across the bloc.

"I'm here to say that Italy will do its bit the path ahead," he said. "The government and the EU institutions are in the condition to guarantee financial stability and consumer security with every means," he told a press conference at Rome.

The premier stressed that the EU needed to change now though Italy remained committed to the bloc after Britain decided to leave in a referendum, according to ANSA news agency.

"Europe is our home, the home of our children and grandchildren," Renzi told reporters. "We say this more than ever, convinced that the home needs renovating, perhaps freshened up, but it's our home of tomorrow."

Renzi said he respected Britain's vote to leave the EU and the bloc now had to move on. "The British people have chosen," he said. "We respect the decision. Now the page turns."

He also said that Italy can act as a pillar of solidity as the European Union tries to get to grip with Britain's exit.

"Italy is solid again," Renzi said. "Our country has the duty to offer this solidity to the other European partners and we are committed to doing this from tomorrow."

According to ANSA, Renzi confirmed that he will meet French President Francois Hollande and German Chancellor Angela Merkel in Berlin on Monday to discuss the implications.

"Today is an unprecedented day, not an easy day. But Europe has shown over its history that it is stronger than any and every difficulty," he said. Endit