Domestic Policy
Justice: The caution shown by the majority regarding the bill on “free and current consent” stems from controversies following an interview with Judge Fabio Roia, which raised fears of reversing the burden of proof in cases of sexual violence. In the Senate, rapporteur Giulia Bongiorno decided to suspend the legislative process to consult experts and refine the wording, aiming to prevent arbitrary interpretations. This decision is shared across the entire centre-right, which acknowledges the critical issues highlighted by lawyers and criminal law experts. Deputy Prime Minister Matteo Salvini reiterated that the current text risks generating disputes and abuses, while the opposition accuses the majority of betraying the political agreement. Nevertheless, the shared intention remains to approve a clearer and technically sound provision by January.
Government Agenda: With recent regional appointments concluded, the majority is preparing for the constitutional referendum on judicial reform, scheduled between March and Easter, considered crucial ahead of the 2027 general elections. Simultaneously, work will proceed on electoral reform, based on a proportional system with a majority bonus, closely tied to the principles of premiership. Senate President La Russa and Undersecretary Fazzolari stress the importance of having an electoral law ready to avoid deadlocks and technocratic governments in the event of a tie.
Foreign Policy
Ukraine Conflict: The Russia-Ukraine conflict is experiencing delicate moments, amid new diplomatic openings and internal tensions—particularly in the United States—where a leaked phone call between Donald Trump’s envoy, Steve Witkoff, and Putin’s adviser, Yuri Ushakov, revealed proposals for territorial compromise. Moscow maintains dialogue with Washington, awaiting a delegation close to Trump to continue discussions. Key issues remain unresolved: occupied territories, the size of the Ukrainian army, and Ukraine’s future relationship with NATO.
Washington: A shooting near the White House seriously injured two members of the National Guard, struck in the head by an attacker who was later subdued and hospitalised in critical condition. While President Trump was in Florida for Thanksgiving, the area was placed under lockdown for security, although authorities ruled out a targeted attack on the presidency.
Economy and Finance
Budget: During the evening meeting at Palazzo Chigi, the majority reached an agreement on the final outstanding issues in the budget, including short-term rentals, expansion of ISEE exemption for primary residences, and pension compensation for businesses. Regarding short-term rentals, the plan is to halt the increase in tax rates on the first property, with business activity applying from the third apartment onwards. Parties, however, are requesting further amendments—from the security package to the revision of tax regulations.
Monetary Policy: The European Central Bank warns that strong financial market confidence contrasts with a fragile macroeconomic reality, exposing the eurozone to risks of sudden corrections. In the Financial Stability Review, Vice-President Luis de Guindos highlights how market euphoria, combined with weak growth and geopolitical uncertainties, leaves investors vulnerable to unexpected shocks. The institution also draws attention to the sustainability of public debt and the sluggish pace of fiscal consolidation, which could widen spreads. Finally, vulnerabilities in the non-bank financial system are concerning, as it is considered the most exposed segment in case of market stress.