The transport industry in Italy has become increasingly exposed to competition as a result of privatizations and liberalizations carried out over the last quarter of century, from airliners to airports up to high speed railways. True competition between privately and government owned operators requires rules.
Perhaps it’s not by chance that Italy is home to a quarter million lawyers, Europe’s highest number relative to population. It’s very common here for an even minor business controversy to end up before court and stay there over years.
Background information Independent market watchdogs are a relative recent invention in Italy. The stockmarket authority Consob, the equivalent of the US Security and Exchange Commission, was created in 1974 when the government gave up its powers over publicly listed companies.