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Giorgia Meloni's Italy: Growth Plans vs AI Fears

Bloomberg Markets •
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Italian Prime Minister Giorgia Meloni has transformed her country from Europe's political wild card to a bastion of stability, attracting hundreds of billions of euros in foreign investment. In an exclusive interview, she outlined her dual challenge: maintaining economic growth while confronting the existential threat of artificial intelligence. Her handwritten speeches and fountain pen stains belie a leader acutely aware of her historic moment.

Meloni's political evolution from euroskeptic to European stateswoman has been remarkable. Once aligned with Hungary's Viktor Orban, she now advocates for a more focused European Union that concentrates on areas where Brussels can be most effective. She's earned Trump's respect without sycophancy, securing special exemptions for Italian pasta makers from US tariffs while maintaining a free trade stance. Her Brothers of Italy party leads polls ahead of the opposition, positioning her for a potential second term.

Yet Meloni acknowledges that her greatest challenge may be technological rather than political. She warns that AI is advancing too quickly for political systems to regulate effectively, comparing the potential disruption to unregulated globalization. With Italy's economy struggling to achieve sustained growth above 1% for decades, she's focused on job creation in the South while resisting the temptation of voter-pleasing tax cuts. As she approaches the record for Italy's longest postwar government, Meloni faces the ultimate test: can she maintain her economic track record while navigating the cross-currents of AI disruption and Trump's unpredictable trade policies?