Giorgetti Says Italian Banks Can Help Pay for Meloni’s Tax Cuts

Finance Minister Giancarlo Giorgetti said banks and other financial institutions will be able to cope with the additional tax burden the government is proposing to help finance a tax cut for Italy’s middle classes.

The Italian government is seeking to raise about €11 billion ($13 billion) from the finance industry over three years as Prime Minister Giorgia Meloni seeks to deliver for the voters who helped bring her to power in preparation for her 2027 re-election campaign.

“They are measures the system is able to absorb without any backlash,” he told reporters Friday in Rome, while acknowledging that some policies ...