apparent solutionsThe EU’s response to the housing crisis risks being worse than the problem itselfThe draft Affordable Housing Act proposes local restrictions on lettings and property sales to tackle housing stress. However, the primary issue that requires attention is the shortage of supply.byGuglielmo Barone e Carlo Stagnaro10 SEP 26
the high cost of fuelA full tank of diesel costs the same as it did in 2022. And Meloni postpones the crackdown on discountsWith the deadline approaching, the government is leaning towards a new across-the-board cut in excise duties whilst awaiting the finalisation of targeted measures: there is no political agreement yet on who will benefit or how the costs will be covered. Over the last six months, blanket subsidies for diesel and petrol have cost 2 billion and 74.5 million eurosbyMaria Carla Sicilia9 SEP 26
The analysisMistral AI is growing in France, but there is debate over how to tax innovatorsA major investment round has been finalised: the company’s value has doubled in a year. But Zucman is confident that his wealth tax, which slows down innovation, will be adopted after the next presidential election in 2027. Aghion’s compromise proposalbyDavide Mattone9 SEP 26
Agenda issuesPensions are the Old Continent’s age-related ailmentFrom Merz to Burnham, from Macron to Meloni: European governments are being forced to revise their programmes under pressure from populist forces and demographic trendsbyLuciano Capone9 SEP 26
the banks’ gameLovaglio fears the French; Orcel takes a step forward at Generali. Risiko and chaosRumours suggest the bid for Banco Bpm has been called off, but Siena denies this: “Business plan confirmed”. Meanwhile, Crédit Agricole remains the uninvited guest in this game of Risk, playing a decisive role in any move involving Banco BpmbyMariarosaria Marchesano9 SEP 26
THE ANALYSISMilan is a city for young people, but it will only remain so if there is housing availableUntil now, the Lombard capital has thrived because it attracted young people and enabled them to find work and decide whether to stay. If the cost of housing rises much faster than wages, this becomes increasingly difficult. And the model is in crisis.byMarco Leonardi9 SEP 26
Hands on DucatiDe Pascale shields Emilia’s Motor Valley: “No to hedge funds”Under no circumstances should the Bologna-based company be made the scapegoat for the mistakes made in recent years by Volkswagen’s management. The governor and Vice-President Colla have pledged “institutional support”.byDario Di Vico9 SEP 26
final sprintPoste-Tim: the game of Risk heading towards closureThe final stage of the takeover bid is drawing near, and this is good news, particularly given the telecoms operator’s history of uncertainty9 SEP 26
editorialsMantovano gives his backing to IlvaThe undersecretary’s desperate attempts at mediation regarding the steelworks amount to a scrapping of the Urso model. From which, unfortunately, he has also inherited the very same unachievable promisesbyRedazione8 SEP 26
The analysisSchlein’s economic programme marks a break with the PDThe agenda presented in Cernobbio by the secretary is somewhat contradictory: on the one hand, it fails to take account of the centre-left’s actions within the EU and in the regions; on the other, it is not very different from some of the policies set out by the Meloni governmentbyLuciano Capone8 SEP 26