Italian Prime Minister Giorgia Meloni, in an interview with Bloomberg agency, emphasized that political stability is crucial for the country's development, noting that Italy has historically paid a high price for frequent cabinet changes. The head of government announced the end of the public role in Monte dei Paschi di Siena bank and criticized Donald Trump's tariff policy as a potential mistake hitting American consumers. Meanwhile, the Milan stock exchange recorded significant gains in February.

End of MPS nationalization

The Italian government officially ends its role in the structures of the world's oldest bank Monte dei Paschi di Siena.

Criticism of US tariff policy

Meloni warns that Donald Trump's trade protectionism will negatively impact the American and global economy.

Strong February for Italian stock exchange

The Milan stock exchange index closed February with a 3.7 percent increase, outperforming Wall Street.

Italian Prime Minister Giorgia Meloni made a series of significant economic and political declarations that are set to define the country's development direction in the coming years. In an extensive interview with Bloomberg agency, the head of government focused on the issue of political stability, arguing that Italy's current internal situation is becoming its asset on the international stage. According to Meloni, Italy has for decades lost ground to economic leaders precisely due to a lack of governmental continuity, which is now being effectively remedied. Since the end of World War II, Italy has had over 60 governments, making its political scene one of the least stable in Western Europe before the reforms of the current coalition.A key point of the economic program is the decision regarding the banking sector. Meloni announced that the government's role in the institution MPS has finally come to an end. The privatization process of the world's oldest bank is intended as a signal to financial markets that the state is withdrawing from direct control over the commercial sector. This information triggered an immediate reaction on the Milan stock exchange, where the bank's shares recorded declines, even though the overall monthly balance for the Milanese trading floor remained highly positive with a growth of 3.7 percent. „L'Italia ha pagato per i governi instabili. La stabilità fa la differenza.” (Italy has paid for unstable governments. Stability makes the difference.) — Italian Prime Minister Giorgia MeloniIn the international context, Prime Minister Meloni referred to US trade policy. She described Donald Trump's proposed tariffs as a mistake that in the final analysis could harm Americans themselves through increased goods prices. She also noted that reducing energy costs remains the highest priority of her cabinet. Simultaneously, a social debate supported by Coop Italia and the Cecchettin Foundation is ongoing in the country, concerning the fight against patriarchy and gender-based violence, which shows the wide range of challenges facing Rome.

Mentioned People

  • Giorgia Meloni — Prime Minister of Italy leading the governing coalition since 2022.
  • Donald Trump — President of the United States, whose trade policy is the subject of criticism from the Italian government.
  • Massimiliano Allegri — Coach of the AC Milan football club commenting on the decisive phase of the season.