The Whipping Cover
I don’t know anything about this Italian Spanish publication except that it’s got an entertaining whipping on the cover:

Spanking Blog: Adult Erotic Spanking At Its BestThe Whipping CoverI don’t know anything about this
Leave A CommentA Popular Spanking Blog Post:Elise Strapped And Spanked
"...first he reddens her bottom with the thick leather strap..."
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It isn’t Italian, it’s Spanish. The language is Spanish and the price is 50 pesetas, which was the Spanish currency before the Euro. According to Google Translate the title is Blonde Death.
And based on my unofficial calculation based on the exchange rate of the Pesetas when it was converted to Euros, and today’s Euro to Dollar exchange rate that would have been about 44 cents. Oh if only BDSM publications were still that price.
Here’s a copy on sale. The year, 1978.