Giorgia Meloni’s coalition has achieved Italy’s longest government tenure since World War II, surpassing 1,400 days by September 2026, supported by fiscal prudence and coalition cohesion despite economic headwinds from rising public debt and the winding down of EU recovery funds. Recent passage of a new proportional electoral law in October 2026, backed by Meloni after a confidence vote, aims to favor stable majorities but has heightened internal tensions on the right amid growing support for rival Roberto Vannacci’s party, which polls show splitting the conservative vote. Meloni has publicly committed to serving through the end of the legislature ahead of the 2027 general election, while engaging actively in EU talks on migration, energy pricing, and budget flexibility. Trader assessments of an early exit hinge on coalition polling trends, potential snap-election pressures, and any shifts in parliamentary alliances before the scheduled vote.