Why Italy's cultural wealth never really enters public accounts and budgets?

Perché la ricchezza culturale italiana non entra mai davvero nei conti e nei bilanci pubblici?

Italy has exceeded the European Commission's structural adjustment path by 0.1 percentage points of GDP, reopening fiscal scrutiny. Amid this debate, the article highlights a deeper issue: Italy's immense cultural heritage is drastically undervalued in public accounts. For example, the Pompeii Archaeological Park is recorded at just €48.9 million, the Colosseum at under €15 million, and the Uffizi at about €2 billion—figures based on outdated 2002 ministerial criteria that bear no relation to actual economic or cultural worth. The State General Accounting Office, with the University of Roma Tre and EU technical assistance, has proposed a new methodology to value cultural assets by discounting their future net financial flows, including direct revenues and indirect tourism-related returns.

Israel Advances Bill Granting Sweeping Civilian Authority over West Bank Archaeological Sites

Israel advanced a bill on Tuesday that would grant sweeping civilian authority over antiquities and archaeology in the occupied West Bank, replacing the current military-run system. The Likud-backed legislation would create a "Judea and Samaria Heritage Authority" under the Israeli heritage minister, empowered to purchase and expropriate land, oversee excavations, and manage heritage sites across Areas B and C of the West Bank. The bill passed its first of three votes (23-14) and would be led by Amichai Eliyahu, a far-right politician who advocates for annexation. Human rights groups and the Israeli NGO Emek Shaveh warned the move amounts to de facto annexation and a violation of Palestinian rights.

EU sanctions Mikhail Piotrovsky, director of the Hermitage

L’UE sanctionne Mikhaïl Piotrovski, directeur de l’Ermitage

The European Union has added Mikhail Piotrovsky, the 81-year-old director of the State Hermitage Museum in St. Petersburg, to its sanctions list as part of the 20th package of measures against Russia. Brussels accuses him of publicly supporting the war in Ukraine and of conducting archaeological excavations by the museum in occupied Crimea. His assets in the EU are frozen and he is banned from entering European territory.