Italy’s Banks Should Contribute to Budget, Meloni Tells Rai1

Prime Minister Giorgia Meloni said banks will once again have to contribute to Italy’s budget.

“I think we can ask the banks for help, like last year,” she told public broadcaster Rai1 when asked about taxing lenders’ excess profits. “I’m confident that a solution can be found this year too.”

While the prime minister didn’t provide any details, Italy has in the past resorted to freezing the so-called deferred tax assets, which are credits stemming from previous losses that banks can use in future years to lower their tax bills.

Meloni’s governing coalition is looking for ways to bring ...