The Italian government secured a deal with the EU to reduce electricity tariffs, providing political support to Prime Minister Giorgia Meloni as the country faces rising fossil fuel costs.
Monte dei Paschi, despite being severely weakened, should consider a defensive stance of not committing to a decision, potentially to negotiate a more favorable deal.
The article suggests that the weakened Italian bank Monte dei Paschi di Siena could adopt a ‘just say maybe’ defence in a takeover bid to seek a more favorable offer.
Mediolanum’s Spanish asset management division plans to grow its assets under management by 70% to €10 billion by 2030.
The EU Commission must assess the planned takeover of Commerzbank by Italy’s UniCredit to determine if it meets antitrust requirements, with a decision expected in November.
The article discusses how a post‑crisis regulatory measure aimed at stabilising bancassurance groups is now being leveraged by banks like UniCredit to expand into insurance, intensifying competition with insurers.
A study commissioned by an industry group estimates that Italy’s data centre construction could attract about €36.9 billion (approximately $41.5 billion) in investment up to 2036, as AI and cloud computing boost demand for capacity.
The Italian government is moving to reduce road taxes after discovering that 60,000 vehicles with Polish licence plates were being used to evade Italy’s road levy, highlighting a tax avoidance issue linked to foreign-registered cars.
The governments of Italy and Greece are seeking leeway from the EU’s fiscal framework, arguing that the need to subsidise fuel prices and the surge in inflation are straining their budgets and could jeopardise compliance with the Stability and Growth Pact.
UniCredit CEO Andrea Orcel is reportedly aiming to complete the acquisition of Germany’s Commerzbank in January, moving the timeline forward from the second quarter. The deal is expected to trigger wide‑ranging internal reorganisations and a overhaul of the bank’s operations.