Press Review of Tuesday 20 January 2026

Domestic Policy

Mattarella: Amid the political and referendum debate on the separation of judicial careers, President of the Republic Sergio Mattarella has summoned future magistrates to the Quirinale to reaffirm the constitutional principles of autonomy, independence, and impartiality of the judiciary. In measured tones, he reiterated the central role of the separation of powers and the High Council of the Judiciary (CSM) as a safeguard against external pressures, while also stressing the responsibility of judges to preserve citizens’ trust.

Justice Referendum: The political clash over judicial reform has intensified following sharp criticism from CGIL Secretary Maurizio Landini, who accused the government of seeking to bring the judiciary under political control through the separation of judicial careers and the reform of the High Council of the Judiciary. Justice Minister Carlo Nordio has rejected the accusations, defending the reform as consistent with the Constitution and aimed at strengthening judicial independence, referencing the thinking of the Founding Fathers.

Foreign Policy

USA-Greenland: Greenland remains at the heart of tensions between the United States and Europe, with Donald Trump insisting on American control of the island and threatening new tariffs. In a letter to the Norwegian Prime Minister, the US President wrote that, since Oslo “has decided not to give me the Nobel Peace Prize,” he no longer feels “obliged to think exclusively about peace,” but rather about what is “good and right for the United States.” Norway, Denmark, and Greenland have rejected the pressure, reaffirming Danish sovereignty and the independence of the Nobel Committee. In this context, Italy is not directly affected by the new tariffs, but Prime Minister Meloni has stated she does not support the offensive by the head of the White House.

Spain: A broken and worn rail joint is at the centre of the investigation into the derailment in Adamuz, the worst railway disaster in Spain since 2013, which claimed at least 40 lives and left over 150 injured. Investigators have reconstructed the sequence of events, indicating that the derailment of an Iryo train led, within seconds, to a collision with a Renfe train travelling in the opposite direction, rendering safety systems ineffective. Human error has been ruled out for now, and the inquiry is focusing on the condition of the track, which had previously been flagged for wear and tear.

Economy and Finance

Consob: Federico Freni is poised to become President of Consob and could be appointed by the Council of Ministers to succeed Paolo Savona at the helm of the financial markets regulatory authority. Currently Undersecretary for the Economy with responsibilities for the financial system, he has overseen major sector reforms, including the new Capital Markets Law and the revision of the Financial Consolidated Text. A technically and institutionally experienced figure, Freni is preparing to assume one of the most significant roles in Italian finance for the coming decade.

MPS: The decisive moment is approaching for the renewal of the top management of Monte dei Paschi di Siena, with the Treasury reportedly favouring the reappointment of Luigi Lovaglio as Chief Executive Officer, according to Reuters. The board of directors is tasked with resolving key issues in a context marked by shareholder divisions, ongoing investigations, and tight timelines. In anticipation of the general meeting, the Caltagirone group has chosen not to make public statements, while the Ministry of Economy and Finance may support the board’s proposed list.