Despite a decisive defeat in Italy's March 22-23 constitutional referendum on judicial reform—where 54% voted against her government's proposal—Prime Minister Giorgia Meloni's centre-right coalition retains a solid parliamentary majority, with no no-confidence motions or snap election calls emerging. Trader consensus at 94.5% for "No" reflects this structural stability, as Italian governments typically end via chamber votes rather than referendums, and her full term extends to 2027. Post-referendum, Meloni orchestrated resignations of the tourism minister amid fraud allegations and a justice undersecretary over mafia ties, signaling internal control. Recent suspension of a defence pact with Israel and criticism of its actions underscore her ongoing leadership amid foreign policy shifts, with no imminent threats by June 30.