Meloni’s ‘crazy’ bank tax harms Italy’s credibility
The right-wing government’s surprise windfall tax on banks is branded a “major miscalculation”.
London | The Italian government’s blunder over a windfall tax on banks has inflicted serious damage to Prime Minister Giorgia Meloni’s effort to project herself as a fiscally responsible steward of her country’s economy.
A partial rollback late on Tuesday night (Wednesday AEST) helped bank shares recover some of their lost ground after a precipitous drop, but the tumultuous episode has damaged the reputation of Meloni’s right-wing coalition.
Financial Times
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