Italian Government

Money Moves

Holds the golden-power decision

Crédit Agricole already owns 29.6% of Banco BPM. On Nov. 9, it proposed folding its Italian subsidiary into the Milan-based lender, creating a bank with 6.5 million customers and more than 2,300 branches. Banco BPM shares jumped 11%; Crédit Agricole's fell about 1%.

Updated 2 days ago

Rule Changes

Delegated to write and adopt the nuclear implementing decrees; no firm date for them, and the first-reactor estimate revised to about 2041

Italy's nuclear return law took effect October 15, starting a 12-month clock for the government to write reactor rules. Law No. 169, passed by the Senate 81-51 on September 23, is the first legal path back to atomic power since a 1987 referendum closed Italy's four plants.

Updated Nov 3

Rule Changes

Security decree in force; troops patrolling Milan and fuel measures in place for farmers and fishermen

Thousands marched in eight Italian cities on October 24 and Milan stayed calm. Police reported nine arrests nationwide, 87 people referred to authorities and 371 taken in for checks, 110 of them minors.

Updated Oct 26

Force in Play

As of May 2026: Suspended new US arms export licenses over Iran war

Switzerland sold $119 million in arms to the United States in 2025 before halting all new orders on March 20, 2026, and closing its airspace to US military flights linked to the Iran war. Italy followed on March 22 with a suspension of new US arms export licenses. On March 30, Spain closed its airspace and blocked US military base use for Iran war operations, citing violations of international law.

Updated May 30