Italy retained a navy after the Second World War

What if Italy had been allowed to keep its navy after the Second World War?

It was allowed to keep a navy and some cruisers, with the postwar service continuing as the Marina Militare.

The premise of this counterfactual is incorrect. Italy was allowed to retain a navy after the Second World War and kept some cruisers, although the exact treatment of its larger ships remains uncertain in the exchange. The service continued as the Marina Militare rather than disappearing with the wartime regime. Restrictions or transfers affecting particular warships did not amount to the abolition of an entire naval institution.