Tag: Italy

Italian bank shares slide after government surprises with windfall tax

Italian banking shares took a beating on Tuesday morning after Italy’s cabinet approved a 40% windfall tax on lenders’ “excess” profits in 2023.

Italy is planning a sovereign fund amid a new era of national interest

Italy is moving ahead with a sovereign fund to support critical parts of its economy, amid a wider push by several European nations to bring global supply chains closer to home.