On Wednesday, the Eurogroup — the meeting of finance ministers from eurozone countries — will discuss whether the Italian government's use of discretionary or "golden" powers to block UniCredit's acquisition of a competitor was justified.
Italy’s golden power is a national security filter for deals in strategic assets such as defence or energy and functions like a veto. The government is allowed to intervene directly in the market and stop deals that it believes are not beneficial to the country.
