The essay aims to analyse the impact of the party funding regulation on the changing role of the parties in the constitutional and political scenario in Italy. The author moves from the assumption that there is no Italian model of party financing, because of the erratic approach of legislative reforms in the field at stake. In particular, the idea is challenged that a stricter party financing regulation is a remedy to corruption and inefficiency. Against the background of recent innovations aimed at eliminating public funding, the author focuses on the need to preserve the role of public institutions, mainly through a combination of public funding and the regulation of fair electoral competition and political equality among political parties.
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