Domestic Policy
Ukraine Decree: The government is preparing to issue a new decree to support Ukraine, confirming the continuation of aid—including military assistance—for another year. An agreement within the majority appears to have been reached, despite reservations from the League, which advocates for a greater focus on civilian and humanitarian support. Brothers of Italy and Forza Italia, by contrast, emphasize continuity in existing commitments, ruling out any substantial change in direction. The text is expected to be approved by the Council of Ministers following a final political discussion among coalition leaders.
Court of Auditors: The Senate is moving toward approving a reform of the Court of Auditors, designed to reduce the so-called “fear of signing” within public administration. The bill introduces limits on compensation for budgetary damage and strengthens preventive oversight of administrative acts, introducing a tacit approval mechanism after 30 days. However, accounting magistrates have expressed concerns, demanding greater safeguards regarding the balance of powers. The reform will be completed in a second phase focused on the internal reorganization of the Court.
Foreign Policy
Nigeria: U.S. President Donald Trump has ordered a missile strike against suspected ISIS bases in Nigeria, framing it as a response to violence against Christians. The operation, conducted using Tomahawk missiles, targeted areas in the country’s north, though analysts suggest its military impact will be limited. The United States, which no longer maintains a stable presence in the region, relied on intelligence provided by Nigerian authorities.
Ukraine Conflict: During the Christmas holidays, Donald Trump initiated a series of meetings in Florida on the Ukraine dossier and will soon receive Volodymyr Zelensky. On the table is a potential ceasefire agreement that would include territorial concessions and a truce of at least sixty days, though critical issues remain regarding security guarantees. Kyiv is considering the possibility of a referendum, while Moscow maintains a cautious and negotiating stance. A diplomatic solution appears more tangible, yet remains fragile and laden with uncertainties.
Economy and Finance
Budget Bill: The budget bill arrives in the Chamber of Deputies in a “fast-tracked” version, with extremely tight deadlines for final approval before year-end. Among the novelties is a “slush fund” earmarked for targeted interventions on entities, territories, and specific projects, financed through subsequent ministerial decrees. The overall cost rises to €22.3 billion, combining tax cuts and new expenditures, while maintaining the government’s claimed prudent approach. The goal is to bring the deficit below 3% as early as 2025, paving the way for exiting the EU’s excessive deficit procedure.
Stock Market: The Italian stock market is witnessing a significant increase in foreign capital presence, now holding over 50% of total market capitalization, driven by a phase of growth and political stability. According to Unimpresa, the value of listed companies has reached €808 billion, up 23% over the past year, supported also by improved ratings from credit agencies. The market benefits from growing international confidence, while stakes held by banks, insurers, and the State are also increasing. Overall, Italy is increasingly perceived as a more solid and attractive economic system compared to recent years.