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The most surprising appointment was that of the new Enel chief Flavio Cattaneo, a seasoned corporate manager who leaves his role as vice president of high-speed train operator Italo to lead the country's biggest utility. He leap-frogged Stefano Donnarumma, the current chief executive of power grid Terna (TRN.MI), widely seen as Meloni's first choice. Enel shares were down 4% on Thursday, with investors fretting over Cattaneo's lack of expertise in the renewable energy sector. Leading politicians in Meloni's right-wing coalition said this issue was a major stumbling block for Donnarumma, along with pressure from League chief Salvini, a strong supporter of Cattaneo. Besides concessions on Enel, Meloni kept a tight grip on the rest of the main appointments.

☆ Italy can cut massive public debt with migrant inflows, Treasury data shows
▼ + stars: | 2023-04-13 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

The Treasury estimates that a 33% increase in registered migrants in Italy would lead to a fall in public debt in 2070 by "over 30" percentage points more compared to a no-migrants-growth scenario. "Given the demographic structure of migrants entering Italy, the effect on the resident population of working age is significant," the Treasury said. The DEF also said migrant inflows can offset the negative impact on public debt of a shrinking population. Births in Italy dropped to a new historic low below 400,000 in 2022, national statistics bureau ISTAT said last week. Italy's public debt is targeted in the DEF to fall to 140.4% of gross domestic product (GDP) in 2026 from 142.1% this year.

☆ Analysis: Italian first! Meloni's nationalists defend cultural identity at risk of irking EU
▼ + stars: | 2023-04-12 | by ( Angelo Amante | ) www.reuters.com time to read: +5 min

[1/2] General view of the Colosseum next to a subway's construction sites in Rome, Italy, February 16, 2023. Almost six months after taking office, Prime Minister Giorgia Meloni's right-wing government is pushing out bills that promise to promote national identity, defend the traditional family, protect cultural heritage and hold back migrants. Recent proposals include a bill to safeguard the Italian language and a ban on lab-grown food. "Italian mines are made up of culture, gastronomy, language, arts, fashion, history, archaeology and monuments. "Identity messages are meant to tell the electorate that Brothers of Italy will not give up its line," analyst Panarari said.

☆ Italy adopts state of emergency over migrants
▼ + stars: | 2023-04-11 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

The state of emergency will be backed by initial funding of 5 million euros ($5.45 million), the ministry for sea and civil protection said, and will last for six months. "Let it be clear, we are not solving the problem, the solution can only depend on responsible intervention by the European Union," said Nello Musumeci, the civil protection minister. The measure will allow Giorgia Meloni's right-wing government to more quickly repatriate those not allowed to stay in Italy, boosting identification and expulsion orders, a government source said. The government, in office since October, has pledged to curb mass immigration but some 31,300 migrants have arrived in Italy so far in 2023, interior ministry data shows, up from around 7,900 in the same period last year. ($1 = 0.9176 euros)Reporting by Angelo Amante, editing by Gavin Jones and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Italy set to confirm deficit targets for this year and next -sources
▼ + stars: | 2023-04-07 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

The government is also expected to keep its 3.7% deficit goal for 2024. All figures in the document are still subject to changes as talks within the Prime Minister Giorgia Meloni's government continue, the sources cautioned. Italy is due to receive roughly 200 billion euros in grants and cheap loans through 2026, making it the bloc's largest beneficiary in absolute terms. However, the government is falling behind both on targets and milestones agreed with Brussels in return for the aid, and on spending money already received. ($1 = 0.9163 euros)Reporting by Giuseppe Fonte, editing by Gavin Jones and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

[1/5] A supporter of former Italian Prime Minister Silvio Berlusconi stands near the 'San Raffaele' hospital, where former Italian Prime Minister is hospitalised, in Milan, Italy, April 7, 2023. REUTERS/Claudia GrecoMILAN, April 7 (Reuters) - Former Italian Prime Minister Silvio Berlusconi is "better than he was", his friend Fedele Confalonieri said on Friday after visiting him in hospital, where he is being treated for a lung infection caused by chronic leukaemia. "I'm sure he'll make it because he's a strong man, and because he's the best prime minister we've had in Italy. A friend of Berlusconi, Vittorio Sgarbi, said before he went into hospital the two had discussed his future. Berlusconi's Forza Italia party is part of Prime Minister Giorgia Meloni's right-wing coalition, although he does not have a direct role in her government.

☆ Italy's Berlusconi spends second night in hospital, friends hopeful
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

MILAN, April 7 (Reuters) - Former Italian Prime Minister Silvio Berlusconi spent a second night calmly in the intensive care unit of Milan's San Raffaele hospital and is reacting positively to treatment, Foreign Minister Antonio Tajani said on Friday. He has suffered from chronic blood cancer for some time and is in intensive care for a lung infection, his doctors said on Thursday. "(Zangrillo) told me he had a good sleep, that he is under intensive care and is reacting positively to the treatment," Tajani said. Berlusconi's Forza Italia party is part of Prime Minister Giorgia Meloni's right-wing coalition, though he does not have a direct role in her government. Meloni and Deputy Prime Minister Matteo Salvini said on Thursday they had spoken to Berlusconi by telephone.

In recent weeks authorities made it harder for same-sex couples to be legal parents and lawmakers proposed an anti-surrogacy law widely seen as targeting gay couples. In January, the government issued orders that municipalities stop the registration of most children with same-sex parents, complicating access to schooling and medical services. Rainbow Families, a group representing same-sex parents in Italy, says its members are parents to around 1,500 children, but that this underestimates the national total. In some places, already-registered children of same-sex families are now being erased from the records, upon the initiative of prosecutors. In similar cases previously, judges have routinely ruled against same-sex parents.

Prime Minister Giorgia Meloni's administration is determined to oust current CEO Francesco Starace, several sources told Reuters. OPPORTUNITYWith almost 60 Gigawatt (GW) of installed capacity, Enel is one of the world's biggest players in renewable energy. The company, which has been hit by soaring gas prices and government measures capping bills to shield consumers, saw net profit slip to 5.4 billion euros last year, from 5.6 billion euros in 2021. In November Enel unveiled its updated strategy to 2025, pledging to cut net debt by 21 billion euros via asset disposals, while at the same time investing 37 billion euros and increasing installed renewable capacity by 21 GW. You can't have an Italian only Enel, it would be such a step back," de Lamaze said.

☆ Former Italian PM Berlusconi in intensive care in hospital
▼ + stars: | 2023-04-05 | by ( Federico Maccioni Angelo Amante | Angelo Amante | ) www.reuters.com time to read: +2 min

[1/2] Forza Italia leader and former Prime Minister Silvio Berlusconi looks on following a meeting with Italian President Sergio Mattarella at the Quirinale Palace in Rome, Italy October 21, 2022. REUTERS/Yara NardiMILAN, April 5 (Reuters) - Silvio Berlusconi, who was Italian prime minister four times, is in intensive care in a cardiac unit at Milan's San Raffaele Hospital, political sources said on Wednesday. Berlusconi's Forza Italia party is part of Prime Minister Giorgia Meloni's right-wing coalition although he does not have a role in government. Three sources from Berlusconi's Forza Italia party said he was in intensive care, and one of them confirmed Italian media reports that he was being treated in a cardiac unit. An Italian court acquitted Berlusconi in February over allegations of paying witnesses to lie in an underage prostitution case that has dogged the former prime minister for more than a decade.

☆ Mispronouncing the word 'Bruschetta' could soon cost thousands of euros in Italy, where politicians want to pass a law to penalize 'Anglomania'
▼ + stars: | 2023-04-04 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Italy's government is hell-bent on passing a law that would penalize the use of non-Italian words. The proposed law would fine people who they believe are bastardizing the language. The proposed law seeks to stop "Anglomania," which "demeans and mortifies," Italian language and culture, according to the bill's text—and could even penalize Italians who mispronounce words like "Bruschetta." Pronouncing the word Bruschetta as "bru-shetta" and not "bru-sketta," for example, could cost Italians financially under the proposed law, according to CNN. Meloni's party is in support of the bill, which will be opened for parliamentary debate soon.

☆ Meloni's party looks to shield Italian language from foreign contamination
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

ROME, March 31 (Reuters) - Prime Minister Giorgia Meloni's party has proposed imposing fines of up to 100,000 euros ($108,750) on public and private entities which use foreign terms, most notably English, instead of Italian in official communications. "It is not just a matter of fashion, as fashions pass, but Anglomania (has) repercussions for society as a whole," said the text of the draft bill, calling for the Italian language to be protected and nurtured. The bill was presented by lawmakers from Meloni's nationalist Brothers of Italy party and will have to be approved by both houses of parliament to become law. It also stipulates that all names and acronyms indicating jobs in companies operating in Italy should be spelt out in the local language, with foreign words only allowed if they prove to be impossible to translate. The draft bill comes just days after the government moved to defend what it sees as another important part of Italy's culture, banning the use of laboratory-produced food to safeguard the country's agri-food heritage.

☆ Italy PM's party presents bill to split retail and investment banks
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

ROME, March 29 (Reuters) - Italian Prime Minister Giorgia Meloni's party has presented a bill in parliament to separate retail and investment banks - a move that, it approved, would force a radical overhaul of the country's banking sector. Allowing retail banks to engage in "speculative trading" is "dramatically negative for the real economy and undermines the most elementary principles of safeguard for the social and ethical foundation of the economy," the FdI bill states. The draft law, seen by Reuters on Wednesday, would give banks 12 months to reorganise their operations and choose between commercial and financial investment activities. In the United States, calls for similar banking reforms, with the reintroduction of the 1933 Glass-Steagall Act, have come from left-wingers within the Democratic Party, such as Senator Elizabeth Warren. Reporting by Giuseppe Fonte and Alvise Armellini, editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

☆ Italy moves to ban lab-grown meat in drive to protect home products
▼ + stars: | 2023-03-28 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

It does not apply to products made or sold elsewhere in the European Union, in Turkey or in the European Economic Area (EEA). The nationalist administration of Giorgia Meloni has pledged to shield Italy's food from technological innovations seen as harmful, and renamed the agriculture ministry the "ministry for agriculture and food sovereignty". Minister Francesco Lollobrigida, one of Meloni's closest allies, says laboratory products endanger the traditional link between agriculture and food. The ban on "cell-based" meat is not the only initiative the right-wing government in Rome has put in place to block non-conventional food from being served on Italian tables. Agricultural lobby Coldiretti on Tuesday praised the government's move against "synthetic food", saying the ban was needed to safeguard home production "from the attacks of multinational companies".

The 19-billion-euro tranche is related to the 55 targets and milestones in Italy's pandemic Recovery Plan that were supposed to be reached in the second half of last year. The extra time means Italy has now until the end of April to persuade Brussels to release the funds, a government source told Reuters. Rome has so far secured almost 67 billion euros of the roughly 200 billion it is due to receive through 2026, dependent on it achieving Brussels' policy prescriptions. Rome is eligible for a further 34 billion euros in 2023, split into two tranches, provided it can meet all 96 objectives set for this year. The initial timetable set out in 2021 envisaged spending more than 40 billion euros of them by 2022, but this goal was repeatedly revised down and was most recently set at around 20 billion euros.

Two government officials told Reuters the government was concerned about the deal because Nebius's activities were funded by Yandex. A third, separate source said Nebius is part of Yandex's Dutch holding company, Yandex NV, and would be part of the new international company post-restructuring. "They were basically told that as long as they're connected to a Russian company, it's not going to work," one of the sources told Reuters. "Our Dutch holding company is in the process of divesting its Russian business – unfortunately this isn't a fast process," Shtan said. Energy issued a statement last month saying neither the company nor its chief executive, Michael Bobrov, has any connection with Russia.

☆ Italian government tells Milan to stop registering same-sex couples' children
▼ + stars: | 2023-03-14 | by ( Federico Maccioni | ) www.reuters.com time to read: +2 min

MILAN, March 14 (Reuters) - Italy's right-wing government has told Milan's city council to stop registering same-sex parents' children, re-igniting a debate around Prime Minister Giorgia Meloni's conservative agenda. In the absence of clear legislation on the issue some courts have ruled in favour of allowing same sex couples to adopt each others' children, and mayors of some cities, including Milan, have registered surrogate births to same-sex couples. Milan's centre-left mayor Giuseppe Sala said on Monday he had received a letter from the interior ministry telling him to stop registering the children of same-sex couples. Sala said in a podcast on Tuesday he would respect the prefecture's order but would keep fighting politically to guarantee that the rights of same-sex parents and their children are recognised. Fabrizio Marrazzo, a leading gay rights campaigner, called for Sala and other mayors to keep registering the birth certificates.

☆ Italy blames surge in migration on Russia's Wagner group
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

ROME, March 13 (Reuters) - The Italian government on Monday said Russian mercenary group Wagner was behind a surge in migrant boats trying to cross the central Mediterranean as part of Moscow's strategy to retaliate against countries supporting Ukraine. He then used a series of obscenities to describe Crosetto and to urge him to pay attention to his own country. Wagner forces have been accused of operating in several African countries including Libya, Mali, and Central African Republic. Crosetto, a senior figure in Prime Minister Giorgia Meloni's right-wing Brothers of Italy party, called on the NATO allies to help Italy face the rise in migrant arrivals. Similar remarks also came from Foreign Minister Antonio Tajani, who during a visit to Israel told ANSA news agency that it was worrying many migrants came from areas "controlled by the Wagner group".

☆ Italy may have staved off recession, economy minister says
▼ + stars: | 2023-03-06 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +3 min

However, he did warn that European Central Bank rate rises would pose "serious problems" for high-debt countries such as Italy. An economic recession is widely defined as two consecutive quarters of declining GDP and the euro zone's third largest economy shrank 0.1% in the fourth quarter of 2022 from the previous three months. Prime Minister Giorgia Meloni's administration is due to unveil its new growth estimates and public finance targets next month. Annual growth is now expected at almost 1%, up from the 0.6% target set in November, a Treasury official has previously said. With the European Central Bank (ECB) raising interest rates, Giorgetti said Italy should keep following a "cautious and responsible" fiscal policy in order to lower its public debt.

CDP has teamed up with Australian infrastructure fund Macquarie (MQG.AX) in the offer for Italy's most important telecommunications infrastructure, which would compete with one submitted by U.S. investment firm KKR (KKR.N). In recent weeks, sources have told Reuters that CDP and Macquarie were ready to value TIM's grid at around 18 billion euros ($19 billion), including some 6 billion euros of debt. An offer from CDP and Macquarie leaves several scenarios open, two government officials said, without elaborating. Besides owning 10% of TIM, CDP controls fibre optic rival Open Fiber. Meloni's predecessors, Mario Draghi and Giuseppe Conte, have both backed plans to combine TIM's and Open Fiber's grids.

☆ Italy close to approve CDP, Macquarie bid for TIM's grid- Bloomberg News
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +1 min

March 4 (Reuters) - Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group (MQG.AX) for Telecom Italia's (TLIT.MI) landline network, Bloomberg News reported on Saturday citing people familiar with the matter. Acceptance of the bid by CDP and Australia's Macquarie could be announced this month, the report said, adding that a final determination hasn't been made. The news comes after TIM said last month an offer for its network grid tabled by U.S fund KKR & Co Inc (KKR.N) "does not wholly reflect the value of the asset". Meloni's administration wants to secure public control of TIM's grid, but there is no common ground within the government on how to achieve this. CDP and Telecom Italia did not immediately respond to a Reuters' request for comment.

☆ CORRECTED Italy's Meloni says on track to rebuild 'excellent' relations with UAE
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

"I think discussions this morning went very, very well and we're going back to a strategic partnership. Italy historically had very strong relations with UAE which in recent years experienced serious difficulties," Meloni told reporters in Abu Dhabi. Italy in 2021 halted the sale of thousands of missiles to Saudi Arabia and the UAE, citing Rome's commitment to restoring peace in Yemen. "On all these matters Sheikh Mohammed bin Zayed has expressed his willingness to help," Meloni said. "I think there is a strong will on both sides to rebuild not just good but excellent relations, a friendship, which I think is very important for our national interest."

Monte dei Paschi (MPS), which raised capital last year, needs to merge with a stronger rival to cement its turnaround. Banco BPM CEO Giuseppe Castagna, who faces pressure from shareholders to reject an MPS deal, has repeatedly said the Tuscan bank is too large for Banco BPM to integrate. A Banco BPM spokesperson said nothing had changed in this respect. HURDLESA Banco BPM and MPS tie-up would pose major hurdles, another three sources said separately. Banco BPM investors are also concerned about an expansion into regions of the country where economic growth is much weaker compared with the bank's wealthy home base in the north, one of the sources said.

☆ Italy seeks 6 billion euros from REPowerEU plan, more time to spend COVID funds -sources
▼ + stars: | 2023-02-27 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

Aimed at ending the EU's dependence on Russian fossil fuels and tackling the climate crisis, REPowerEU is funded through some 225 billion euros of untapped loans made available under the EU recovery plan launched in 2021. Italy believes it can get at least 2.7 billion euros from the ETS resources and 3 billion euros from the cohesion funds, one of the sources said. Prime Minister Giorgia Meloni's administration plans to complete talks with Brussels on Rome's proposed use of the EU funds by the end of April. Italy is behind schedule in actually using the recovery funds. Its initial timetable envisaged spending more than 40 billion euros' worth by 2022 but this estimate was revised downwards several times and in December was set below 20 billion euros.

☆ In surprise result, Italy's left picks Elly Schlein to rebuild party
▼ + stars: | 2023-02-27 | by ( Crispian Balmer | ) www.reuters.com time to read: +2 min

ROME, Feb 26 (Reuters) - Italy's opposition centre-left Democratic Party (PD) picked Elly Schlein, a 37-year-old U.S.-Italian national who grew up in Switzerland, to be its new leader and rebuild the group after its election rout last year. Schlein will lead opposition in parliament to Prime Minister Giorgia Meloni, with two women for the first time in Italian history heading the country's two main parties. Although she has promised a new start for the party, many of the PD's grandees have rallied behind her in recent weeks. Polls suggested he would easily beat Schlein, but in the end he only drew strong backing in the more traditionalist south. Schlein faces a monumental struggle if she hopes to heal divisions within her party and beat Meloni's conservative bloc in the next national election in 2027.

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