Domestic Policy
Mattarella: In his eleventh New Year’s Eve address, President of the Republic Sergio Mattarella will draw attention to the country’s major challenges: peace, social cohesion, employment, and the future of young people. Central to his message will be a call not to lose sight of democratic values during a period marked by international tensions and economic difficulties. The Head of State will once again stress the importance of participation and collective responsibility, particularly among the younger generations.
Security: Mohammad Hannoun, arrested on charges of financing Hamas, has rejected all accusations, asserting that he raised funds solely for humanitarian initiatives benefiting the Palestinian population. Before the judge, he reiterated his lack of involvement in terrorist activities, despite remaining in custody under maximum security. The investigation, which also relies on international intelligence information, forms part of a broader context of increasing attention by Italian authorities to jihadist financing networks.
Foreign Policy
Ukraine Conflict: While diplomatic contacts continue in search of a way out of the Ukraine conflict, the alleged drone attack on Putin’s residence has reignited tensions and overshadowed negotiation efforts. Kyiv denies any responsibility, with Zelensky stating he is “ready for any format of meeting with Putin.” Moscow, for its part, calls the incident a provocation and threatens retaliation. The Kremlin has also announced that its nuclear-capable Oreshnik missiles have entered active service in Belarus and that the offensive in the Zaporizhzhia region has begun.
Middle East: During talks in Mar-a-Lago, Donald Trump reportedly urged Benjamin Netanyahu to moderate Israel’s stance in the West Bank, expressing concern over escalating tensions on the ground and their impact on the peace process. According to U.S. sources, Washington fears that further escalation could jeopardize regional agreements and the expansion of the Abraham Accords. Also looming in the background is Israel’s decision to recognize Somaliland, which has drawn international criticism and prompted distancing at the UN Security Council.
Economy and Finance
Budget Law: The Chamber of Deputies approved the budget law with 216 votes in favour and 126 against, following a lengthy parliamentary marathon. Prime Minister Giorgia Meloni hailed the budget as “serious and responsible,” crafted in a “complex context” and oriented toward “families, employment, businesses, and healthcare.” The approximately €22 billion measure focuses on reducing income tax, supporting childbirth, and strengthening the healthcare system. Economy Minister Giorgetti dismissed opposition criticism, describing the measures as concrete interventions on wages and pensions. For the government, this represents a step forward in providing “certainty” and reinforcing the country’s growth.
Former Ilva: The extraordinary commissioners of the former Ilva have begun exclusive negotiations with the Flacks group to acquire the steel company. The American group has announced a €5 billion investment plan focused on decarbonisation, modernisation of facilities, and job protection, with the state retaining a 40% stake. However, trade unions remain deeply concerned, demanding guarantees on employment, environmental protection, and the public sector’s role, rejecting the prospect of management being entrusted to a financial fund.