Giorgia Meloni's recent meetings with leading figures in global finance, such as BlackRock's Larry Fink, Elon Musk, and other technology leaders, are interpreted in two ways.
For BlackRock, Italy is a perfect hunting ground
According to Milano Finanza, on the one hand, government supporters see in these interactions a recognition of the executive's success, with Italy gaining consensus from global capitalism despite its sovereignist origins. On the other hand, a more critical view suggests that financial giants see an opportunity for profit in Italy, given its economic fragility linked to a public debt of EUR3,000 billion and stagnant growth.
With USD11.5 trillion under management, BlackRock represents a powerful force in influencing the global economy. The fund focuses exclusively on generating returns for its investors and has the power to determine the economic and political performance of entire nations.
BlackRock Expands in Italy with Leonardo Stake, Sparking Speculation on Future Acquisitions
BlackRock’s interest in Italy is confirmed by its extensive holdings in Italian companies, including its recent acquisition of a stake in Leonardo, a sign of potential interest in future privatizations or infrastructure investments.
In this context, some speculate that Italy could become fertile ground for further acquisitions, particularly in infrastructure and technology sectors that offer safe returns.
However, it remains to be seen whether these future sales will benefit the government or risk becoming “fire sales” for large investors.
