Now we can focus on terrorism and Tehran: Italy PM

Europe has spent more than enough time on Greece and now needs to focus on bigger issues such as terrorism, rising security issues in the Middle East and Iran's nuclear program, Italian Prime Minister Matteo Renzi told CNBC.

Speaking to CNBC in Brussels soon after a preliminary third bailout deal for Greece was announced, Renzi said it was ridiculous to have so many meetings on a debt deal for Athens when there were so many other pressing security issues.

"At a time when in Egypt we have the bombs against Italy's consulate (and against) Western communities, and at a time in which there is a possibility of agreement in Vienna about Iran, in the moment in which there are a lot of problems in Ukraine or in other part, other region of the world, it is absolutely important that Europe plays a role, it is impossible to spend four meetings (discussing Greece)," he said.

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His comments come at a time of fraught negotiations not only in Europe over Greece, but between world powers over Iran's contested nuclear program where a deal is believed to be close. Other security issues in the Middle East and Northern Africa, such as the increasing frequency of terror attacks, are also concerning.

Italian Prime Minister Matteo Renzi greets leaders arriving for a meeting of G7 leaders on March 24, 2014 in The Hague, Netherlands.
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Italian Prime Minister Matteo Renzi greets leaders arriving for a meeting of G7 leaders on March 24, 2014 in The Hague, Netherlands.

Despite rising problems elsewhere, however, Europe has been fixated on Greece for the last five months during reform talks with Greece's leftwing government, in a bid to stave off bankruptcy. Southern Europe, including Italy, has seen a marked increase in refugees crossing the Mediterranean from North Africa seeking a new life and refuge in Europe.

It is hoped that the latest third bailout deal for the country could help to do that but Renzi remarked that Europe needed reforms, as well as Greece.

"Our real challenge today is the save also Europe and this is the problem," he told CNBC Monday.

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"Obviously we are happy also because after 17 hours, it is impossible not be happy for the conclusion which was an agreement. But I believe we need absolutely a new vision for Europe."

He said Europe risked becoming overly bureaucratic and needed to "come back to the spirit of pioneers about Europe, come back to an idea of ideals for Europe…ok, we saved Greece… but now we must absolutely discuss what is the model of new Europe and I think the new generation is absolutely committed to create a vision for the future."

- Written by CNBC's Holly Ellyatt, follow her on Twitter @HollyEllyatt, reported by CNBC's Julia Chatterley @JChatterleyCNBC. Follow us on Twitter: @CNBCWorld