Domestic Policy
Energy Decree: The Chamber of Deputies has approved the “Bollette” Decree, worth approximately €5 billion, featuring measures to support households and businesses against soaring energy costs. These include an extraordinary contribution for social bonus recipients and incentives for SMEs. The measure also introduces structural interventions in the energy system, such as a review of levies, support for long-term contracts, and measures regarding ETS and renewables. According to rapporteur Riccardo Zucconi, this is a balanced package addressing both the emergency and medium-term prospects, aimed at protecting purchasing power and economic competitiveness.
Government: Prime Minister Giorgia Meloni will hold a parliamentary briefing on 9 April to outline the Government’s actions and dispel speculation about early elections. This political move aims to reaffirm the continuity of the executive. The intervention is expected to set out priorities for the remainder of the legislative term, with a focus on economic and social issues, particularly support for the most vulnerable groups and the revival of the South, also through strengthening inclusion mechanisms. No changes are expected regarding immigration and security, while opposition parties have criticised the absence of a formal vote, deeming the briefing insufficient.
Foreign Policy
Italy-USA: On the night of 27 March, Defence Minister Guido Crosetto refused authorisation for the use of the Sigonella base by US bombers heading towards missions in Iran, citing the lack of a formal request in accordance with bilateral agreements. The decision, taken in consultation with Prime Minister Giorgia Meloni, was made urgently without parliamentary consultation but in full respect of the institutional commitments undertaken by the Government. Palazzo Chigi clarified that Italy will continue to act «in full respect of international agreements», ruling out tensions with Washington. Crosetto himself stressed that «there is no cooling» in relations with the United States.
Middle East Conflict: President Trump strongly criticised European allies for their lack of involvement in the conflict with Iran, stating: «You will have to learn to defend yourselves» and urging them to intervene in the Strait of Hormuz. Washington claims to have inflicted serious damage on Tehran, while military operations and assessments of a possible ground intervention continue, despite signs of openness to negotiations. Tensions remain high, with Iranian threats against US companies and renewed reciprocal attacks in the region. Meanwhile, diplomatic initiatives are emerging, including contacts between US and Iranian envoys and a peace plan promoted by China and Pakistan for a ceasefire.
Economy and Finance
Bank of Italy: The Bank of Italy returned to profitability in 2025 with a net result of €1.65 billion, supported by an improvement in the interest margin and the revaluation of gold reserves. Governor Fabio Panetta highlighted the role of monetary policy in the recovery and announced the distribution of dividends and increased resources to the State. However, uncertainties remain linked to the geopolitical and energy context, with risks for inflation and growth requiring caution.
Economic Outlook: Inflation in the Eurozone rose to 2.5% according to Eurostat, driven primarily by rising energy prices, with higher levels in countries such as Germany and Spain, while Italy remains below the average at +1.7%. Italy’s containment is also linked to the reduction of fuel excise duties and other fuel-related measures, although the outlook remains uncertain in the event of a prolonged conflict in the Middle East. Expectations are growing for possible interest rate hikes by the European Central Bank, with potential effects on mortgages and loans.