From Soviet Victory TL
Italy never been occupied by Soviet forces and protected by British and American fleets(having been neutral) was one of the few countries with not communist goverment.
Unfortunately(for italians at least) the fascit government was inefficent and corrupt and Italy never become one of the industrial power as in our TL.
The Partito Fascista ruled with terror and fear(like stalinist communism in URSS) and in '60s the protests of young people and more liberal elements of society become a big burden for Mussolini, more older and more ineffective than always
When, he finally died in 1967, more than 80 years old, the party decided to step down if not to prevent communist terrorism and soviet invasion.
The brief democratic goverment lasted until 1974 when Junio Valerio Borghese and the Army instaurated a military dictatoship with aids from Japan and Usa.
Actually Italy is one of the less free state in Europe(pairing with France) with a Fiamma Tricolore Party ruled by military forces and high officers.
Still is a poor and weak country, that relies over Japanese and American fornitures and military contractors.