Finance Minister Giancarlo Giorgetti said banks and other financial institutions will be able to cope with the additional tax burden the government is proposing to help finance a tax cut for Italy’s middle classes.
The Italian government is seeking to raise about €11 billion ($13 billion) from the finance industry over three years as Prime Minister Giorgia Meloni seeks to deliver for the voters who helped bring her to power in preparation for her 2027 re-election campaign.
“They are measures the system is able to absorb without any backlash,” he told reporters Friday in Rome, while acknowledging that some policies ...
