I say both! Or even all! Some Italian, some English, some French, some Hungarian, perhaps some Japanese.
Each culture and it's footwear aesthetic has it's own unique style and it's own unique charms. I prefer to select from all of the various cultures the individual shoe which most appeals to me.
Although I must confess I lean pretty heavily toward the continental european aesthetic in general as opposed to the traditionally 'proper' English look. And I'm perfectly happy to say that the Italian aesthetic can go too far into 'experimental' or extreme for my taste. Even though I dearly love lots of Italian shoes.