Giuseppe Fonte

Italy is investigating whether China-led investors ​in yacht maker Ferretti breached golden power rules designed to shield strategic assets ‌by not revealing their full shareholding to Italian authorities, three government officials told Reuters.

Italy needs to cut its residual stake in bailed-out bank Monte dei Paschi di Siena (MPS) and will back whichever constitutes the best merger ​deal between the rival proposals on the table, Economy Minister Giancarlo Giorgetti said.

Italy is ready to intervene on changes ​to the ownership structure of its insurance companies to make sure its economy and citizens ‌benefit from savings allocation decisions, Economy Minister Giancarlo Giorgetti said on Thursday.

Italy will soon unwind its stakes ‌in domestic lenders, Economy Minister Giancarlo Giorgetti said, indicating Rome is close to selling its 4.9% shareholding in bailed-out lender Banca Monte dei Paschi di Siena (MPS) .

Italy plans to use the European Union's so-called "escape clause" from the bloc's ​budget rules to fund measures aimed at softening energy costs ‌in 2027 and 2028, a statement from Prime Minister Giorgia Meloni's office said on Tuesday.

Italy's planned levy on ​small parcels will be ‌applied in addition to a similar ​EU-wide measure, Economy ​Minister Giancarlo Giorgetti told ⁠parliament on Wednesday.

Italy is "cautiously optimistic" about a downward revision of its 2025 deficit, the economy minister said on Wednesday, reviving hopes that the ​country might later this year exit a European Union infringement procedure ‌for its excessive budget deficit.

Italy and the United States on Friday will sign off on ​a cooperation agreement on the so-called ‌Pax Silica initiative on artificial intelligence supply chains, a statement from Rome's foreign ministry said ​on Wednesday.

Italy intends to make partial use of budget leeway for energy and defence spending allowed by ‌European Union rules, Economy Minister Giancarlo Giorgetti said on Wednesday.

Italy ​will handle its residual 4.9% stake in Monte dei Paschi di Siena (MPS) in a way ‌that does not interfere with M&A moves affecting the bailed-out lender, Economy Minister Giancarlo Giorgetti told reporters on Wednesday.