What Prodi means…

Romano Prodi may have virtually zero mandate to do anything. But Italy’s corporate world is so politicised that a change of prime minister could still have an impact on swathes of industry: in particular banks and utilities. Put simply, Berlusconi’s buddies won’t do so well under a new regime. Look first at the banks. The election is likely to trigger the next round of consolidation. Intesa - which has been sniffing around both Capitalia and Monte dei Paschi di Siena - will probably be emboldene...