I like this! You've combined all the elements in a much more artistic way. I like the Italian flag strip that you included. Better than the current logo, for sure.
My thanks to all who leave comments for my work and to those of you who like one enough to make it a favourite. To touch just one person that way makes each image worthwhile. . . . . . . . . .. . . . "The question is not what you look at, but what you see" ~ Marcel Proust
Makes for a strong logo.. and dare I say.. it's better than the ones that were revealed recently.
As I, personally, and employing the descriptor "strong" once more.. feel that the shield shape underscores the concept of strength more so.
The stars and particularly, the inclusion/incorporation of the flag colours are nice touches, as well.
Good good stuff.