Italy is the only major EU country headed by an Eurocritic coalition government, which openly challenges the EU economic policy. Both of its leaders, competing with each other, develop ideas of «renewed Europe» and strive to create their own groups in the new European Parliament. Italian «Europeanists» cannot be a counterweight to Eurocritics in these elections. The business world of Italy is concerned about the simplistic approach of the political leadership to the problems of the country in a deteriorating economic situation. The near future will demonstrate the real significance of the alternative proposed by the Italian government.