Until September, the focus is on the younger generations. From October, when the focus shifts to budget allocations and securing votes ahead of the elections, attention turns elsewhere

Amid a high deficit and the Mélenchon risk, funds are selling OATs and buying BTPs

The PD secretary wants the windfall tax introduced immediately and on its own, whilst the wealth tax should only be implemented ‘at European level’. The Minister for the Economy takes the opposite view. However, this is not driven by any EU policy, but by what is politically most advantageous based on the latest opinion polls

The Deputy Prime Minister has chosen his catchphrase for the summer, whilst the regional governors are drafting a document. Now everything depends on Giorgetti’s ‘decision’

The Minister for the Economy attended the meeting with the League’s regional governors (but denies it). He was aware of the fictitious nature of the party constitution and of the new Italian Federalist Liberal Party

The budget deviation is put to a vote, but the League corrects the centre-right on the Safe issue and the leader of the M5S sets the tone for the broad coalition. Guerini’s protest

The PD, AVS and M5S have tabled a joint motion to be put to the vote during Minister Giorgetti’s statement on the budgetary deviation for defence and energy expenditure: the ‘no arms’ stance is adopted and the reformists protest. The majority, however, amends the text on the SAFE: funding military expenditure becomes a possibility and, should it be utilised, it is envisaged that it will also be used for ‘security’. The Chamber will vote only on the majority resolution

The Minister for the Economy told the House of Commons that the government will request an overall increase in spending on energy security measures of around 0.6 per cent of GDP and on security and defence of around 0.9 per cent. Following approval from Brussels, Parliament will have to vote on the budget deviation

If he stands alone, it will be proof that the government will try to pass on the costs of defence – the SAFE programme, which it regards ‘like the NRRP, as a loan’ – to the minister. If he is supported, it will mean that the Meloni government remains united, despite the differences between the League and Forza Italia