Italy prepares for no-deal Brexit
Italian Prime Minister Giuseppe Conte has reassured the Lower House of Parliament in Rome that Italy is fully prepared for the eventuality of a no deal Brexit and the rights of Italians in Britain will be protected if the UK leaves the EU without an agreement.
He also informed the Italian Members of Parliament that the economy ministry has prepared a decree featuring a series of measures aiming to guarantee the stability and integrity of the financial system in the case of a no-deal Brexit.
Conte said that in situation in which there continues to be strong elements of uncertainty, the Italian government will continue to work to guarantee the rights of citizens and of our firms and to guarantee financial stability even in the not-to-be-hoped-for hypothesis of an exit without an agreement on March 29, 2019.
Among other things, the decree which introduces a transitional regime for British financial operators in Italy and Italian operators in the United Kingdom, among other things.