Cispadania was doing extremely well. It had mostly settled down, the new limited-franchise democracy and the general good-will of King Ferdinand. The economy was in great shape as well. A naval base near Ancona had been let out to Britain at favourable rates as a reward for British help in forming the new country, and a free-trade agreement with France was seeing a mini-boom. From Modena to Rimini, Cispadania was getting onto her feet, the new liberal economic climate helping to unite the disparate regions: Romagna, Modena, Reggio, northern Marche.
Ferdinand was fascinated by the new air of modernism. Although he had few powers, his influence was still strong, and he was well-respected. On his advice, in November 1832, surveying began for a railway line from Bologna to Forli, which would be the first Continental railway system if built (in the end, Leopold of Antwerp's line from Antwerp to Mechelen was the first). Danish settlers followed him as well, notably setting up in the dairy industry. To the Pope's powerless distaste, he was also followed by Danish Lutheran missionaries, who saw a chance to make some converts under the Pope's nose.
Cispadania's foreign policy was slowly taking shape. Parochial in nature, it was helped by the goodwill of both Britain and France. An alliance and free trade agreement were struck up with Duke Frederick of Lucca. Relations with the Pope and Austria were strained, but for now that didn't matter.
As Europe settled for now, attention moved east, to the turbulence of Egypt and the Ottoman Empire...