Prime Minister Giorgia Meloni is looking at ways to raise more cash from the banking industry as she seeks to keep voters onside amid a squeeze on Italy’s public finances, according to people familiar with the matter.
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Published Aug 02, 2024 • Last updated 22 hours ago • 3 minute read
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(Bloomberg) — Prime Minister Giorgia Meloni is looking at ways to raise more cash from the banking industry as she seeks to keep voters onside amid a squeeze on Italy’s public finances, according to people familiar with the matter.
Officials from the prime minister’s team have had preliminary discussions with the Finance Ministry about how to raise more taxes from lenders and insurers that have benefitted from the surge in interest rates over the past couple of years, said the people who asked not to be named as the talks are confidential and no decisions have been made.
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The deliberations were first reported by Italian media, who said energy companies may also face additional levies.
A government official denied that there are plans to…
Read More: Meloni Toying With New Attempt to Get Cash From Italy Banks
