ABSTRACT:The purpose of this paper is to analyze the social pact in Italy and its prospects for the future.In order to do this, it first gives an overview of the general political organization in Europe, and looks at neo corporatism and bargaining structures. It then deals with the social pact in Italy and follows its evolvement under non hostile or‘friendly’governments, and examines the objectives of this social pact.It continues by considering the problematics of governing the complex present day society and traces the various phases of the social pact in Italy, and in particular, the 'St. Valentine's Day’crisis and the subsequent continuity of the pact. Finally, it talks about some of the problems the social pact creates for the institu