Ilva and Pirelli. Two cases to measure the nationalist instincts of Meloni & Co.

Both in Taranto and for the Milanese multinational there is a line of Italian industrialists ready to invest. The government should not take advantage of the disputes with India and China to inject new public capital: regulator yes, manager no

Modest advice to Prime Minister Giorgia Meloni, to ministers Urso and also Giorgetti. It is appropriate to take seriously two major Italian industrial issues whose vicissitudes are ongoing, and which require not only rapid assessments and responses, but also seriousness. In carefully measuring the interventions to which the government is called, and in putting the strategic interests of Italian industry before all else. Something that unfortunately doesn’t help. These are decisions that call into question the significant shares acquired in two large Italian industries, in one case by a large Indian multinational, and in the other by Chinese investment vehicles which it is increasingly difficult to consider market operators, in fact respond to directives established in Beijing by the Chinese regime. Touching India and China has its risks: on the one hand Italy and Europe aim to intensify trade relations with India, on the other hand not to consider China the geostrategic and commercial adversary as the US administration believes. But the time to decide is today, and this explains even better the need to avoid boomerang decisions.