You can expect regular bashing of Serie A by the usual suspects when that happens, but it's obvious looking at those points that Italy will without any difficulty surpass Portugal next season, even if they win 4-5 points less than them. Actually these last 2 seasons have been very good for Italian clubs in Europe, 14 points they've managed to win, and before that 11 was maximum.
It seems that Italian clubs benefit from having one participant less in CL.