Former Italian Prime Minister and Leader of Italia Viva Matteo Renzi observes that "we have chaos in France and instability in a lot of European countries," whilst Italy is relatively stable. In a wide-reaching conversation, he says that Emmanuel Macron "won his gamble," in calling snap elections and that "it is time" for Joe Biden to stand down. This interview occurred on 'Bloomberg: The Opening Trade' on Wednesday, July 11.