It's time for Europe. The first Prodi government and the path toward the euro (1996-98)

This article reconstructs the trajectory through which the first Prodi government (1996–1998) succeeded in bringing Italy back to the core of European integration after years of political marginalization, financial instability, and diplomatic isolation. Drawing on extensive archival material, it analyzes the dual challenge faced by Prodi: regaining the trust of European partners and restoring domestic credibility after the turbulent Berlusconi and Dini governments. The chapter examines the strategic centrality of Europe within the Olive Tree coalition’s platform, the role of key technocrats such as Ciampi and Dini, and the intense diplomatic efforts undertaken between 1996 and 1998. Particular attention is devoted to the negotiations over the Maastricht parameters, the struggle to meet convergence criteria, and the creation of the ‘Group of Four’, which coordinated Italy’s final push toward E.M.U. membership. Ultimately, the article shows how political determination, fiscal consolidation, and diplomatic activism enabled Italy to join the founding group of countries adopting the euro.