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| 1992–93 |
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| An investigation into corruption in Milan led by Judge Antonio di Pietro gained national attention as the web of those under investigation grew to include prominent members of all the major parties, including former prime ministers Bettino Craxi and Giulio Andreotti. Throughout this period popular discontent grew against the partitocrazia, the system of rule under Italy's major parties. | 1 |
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| 1992, April |
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| In parliamentary elections, both the Socialists and the Christian Democrats suffered setbacks, while a group of conservative regional parties known as the Northern League emerged as the fourth-largest party in the nation. | 2 |
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| April 25 |
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| President Cossiga's resignation caused a government crisis, leaving Italy with neither a president nor a new government for nearly two months. | 3 |
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| May 23 |
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| Judge Giovanni Falcone, who had been expected to lead a new anti-Mafia drive, was assassinated. | 4 |
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| Aug. 7 |
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| The Chamber of Deputies approved special powers for the police to search and question Mafia suspects and also introduced better protection for witnesses and new rules for evidence in Mafia trials. | 5 |
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| Sept. 17 |
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| Following Britain, Italy pulled out of the European Monetary System. | 6 |
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