Overview

• Renzi denounced the government’s use of golden power on Unicredit’s planned takeover of Banco BPM as “a nuclear bomb of the economy.”
• He insisted free market competition should prevail at next week’s Mediobanca shareholders’ meeting deciding on the bid.
• Renzi criticized the government’s focus on its image and popular support, saying high taxes and rising crime go unaddressed.
• He targeted Industry Minister Adolfo Urso’s handling of the Industry 5.0 law, arguing its collapse revealed broader economic mismanagement.
• Investors and banking executives warn that government interventions under golden power create regulatory uncertainty, jeopardizing Italy’s banking consolidation efforts.