Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. “As we promised, there will be no new taxes for citizens,” Meloni said in a post on X on Tuesday. “€3.
Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters.
The budget was agreed by ministers at a gathering late on Tuesday, just in time to meet a deadline to submit the plan for European Union scrutiny. The measures still need to be submitted to parliament for signoff. League chief Matteo Salvini, who also is a deputy prime minister, declared the hit on banks and insurers as a “victory” for his part, according to a post on X.
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