Domestic Policy
Justice: Prime Minister Giorgia Meloni, in a video, has urged voters to vote “Yes” in the referendum on justice. She argues that the separation of judicial careers already exists in most European countries and that Italy represents an anomaly. Meloni states that the reform is neither right-wing nor left-wing, but common sense, and invites voters to consider the future of the country. She further asserted that the reform aims to ensure more independent magistrates, evaluated on merit rather than political affiliation, accusing the left of frequently using the judiciary as a political tool when unable to win elections.
Gender Equality: During celebrations of International Women’s Day at the Quirinal Palace, President Sergio Mattarella recalled the historical significance of women’s suffrage in 1946, describing it as a decisive turning point toward the equality enshrined in the Italian Constitution. He highlighted the role of women in society, from the Resistance to their growing presence in institutions, while noting that full equality has not yet been achieved. Prime Minister Giorgia Meloni was also present at the ceremony. Foreign Minister Antonio Tajani emphasised the importance of women’s contributions to diplomacy and Italian foreign policy.
Foreign Policy
Iran: A ballistic missile launched by Iran was intercepted by NATO defence systems in Turkish airspace. This is the second incident since the beginning of the conflict between the United States and Israel against Iran. President Recep Tayyip Erdoğan has summoned the Iranian ambassador, warning Tehran. Italian Foreign Minister Antonio Tajani has called for caution, ruling out for now the activation of Article 5 of the Alliance. Meanwhile, President Sergio Mattarella has convened the Supreme Defence Council to analyse the crisis in the Middle East and its international implications. In Tehran, thousands of Iranians have demonstrated their support for the new Supreme Leader, Mojtaba Khamenei.
United States: In a press conference, President Donald Trump stated that the military operation against Iran is nearing completion and progressing faster than expected, while affirming that it will continue until the enemy is defeated. He cited thousands of targets struck and a significant reduction in Iran’s military capabilities, assuring protection for energy traffic in the Strait of Hormuz. However, the Islamic Revolutionary Guard Corps reiterated that it will be Tehran that decides the end of the conflict. Trump also spoke by phone with Vladimir Putin, who proposed a diplomatic solution to the Iranian crisis.
Economy and Finance
Energy: The rise in oil prices has reached $120 per barrel. G7 Finance Ministers have declared their readiness to release strategic reserves. According to Economy Minister Giancarlo Giorgetti, the European Union should consider adopting extraordinary measures, similar to those implemented in 2022 in response to Russia’s attack on Ukraine. Meanwhile, the government is considering reducing fuel duties, while the Ministry of Enterprises and Made in Italy has reported abnormal price increases by two companies. The price per barrel has since halted its rise and fallen below $100, with stock markets recovering after an initially negative start.
Monte dei Paschi: Monte dei Paschi di Siena and Mediobanca are finalising share exchange ratios ahead of the merger between the two institutions, with decisions expected at their respective boards of directors. The work of advisors is complicated by stock market volatility linked to geopolitical tensions, which has caused the Siena bank’s shares to lose over 20%. Approval of the share exchange ratio should reduce market uncertainty and reassure the European Central Bank regarding the integration process. Meanwhile, uncertainties remain concerning the role of outgoing CEO Luigi Lovaglio, as well as future stages of the industrial plan and governance.