Italian Prime Minister Giorgia Meloni has taken political responsibility for last week’s decision to impose a 40 per cent tax on banks’ extra profits, a move that unsettled investors and wiped out over €9 billion in market value.
The controversial levy, bundled with a host of other measures at the government’s final cabinet meeting before vacation, was her initiative, Meloni said in an interview with Italian newspapers from her holiday residence in the southern region ...
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