Banking
Italian Prime Minister defends 40% bank levy and hits out at “unfair” profit margins of lenders
The Italian leader said the tax was a consequence of the “bad behaviour” of banks, that have made billions of euros in profit on the back of rising interest rates
Giorgia Meloni, the Italian Prime Minister, has defended her government’s decision to pass a 40 per cent windfall levy on the extra profits of the country’s banks and hit out the “unfair margins” made by the banking industry thanks to rising interest rates.
Meloni, who became Prime Minister of Italy in October last year, spoke for the first time in two days after her government’s surprise move to introduce a levy on bank profits wiped ...
