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| 1947, Feb. 10 |
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| The PEACE TREATY with Italy was signed in Paris. Greece acquired the Dodecanese Islands, France gained the Briga and Tenda areas of northern Italy, and Trieste became a free territory. A final decision on the future of Italy's colonies was postponed. Italian reparation payments, after the Western Allies had waived their claims, were set at $360 million. | 1 |
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| Dec. 22 |
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| The Constituent Assembly adopted the new constitution, which called for far-reaching decentralization of the government, a Chamber of Deputies, and a popularly elected Senate. Relations between Church and state remained unchanged. While ministerial instability became a fact of Italian political life, the industrialist- and Church-supported Christian Democrats remained strong, supplying the premiers for every government between 1948 and 1981. Meanwhile, the Italian Communist Party (PCI) retained the largest membership of all Italian parties and fostered an important subculture in Italian life. | 2 |
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| Dec. 28 |
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| Ex-king Victor Emmanuel died in exile. | 3 |
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