From Minimal to Realistic Supersymmetric SU(5) Grand Unification

We construct and discuss a "realistic" example of SUSY SU(5) GUT model, with an additional U(1) flavour symmetry, that is not plagued by the need of large fine tunings, like those associated with doublet-triplet splitting in the minimal model, and that leads to an acceptable phenomenology. This includes coupling unification with a value of alpha_s(m_Z) in much better agreement with the data than in the minimal version, an acceptable hierarchical pattern for fermion masses and mixing angles, also including neutrino masses and mixings, and a proton decay rate compatible with present limits (but the discovery of proton decay should be within reach of the next generation of experiments). In the neutrino sector the preferred solution is one with nearly maximal mixing both for atmospheric and solar neutrinos.