Italy Seeks €5 Billion Contribution From Banks to Budget (1)

Giorgia Meloni’s government is targeting around €5 billion ($5.8 billion) from lenders for its upcoming budget law and is pushing to reach an agreement with banks on the issue, according to people familiar with the matter.

Italian officials are discussing a range of measures that would allow Rome to secure a contribution from the sector without overly impacting lenders’ balance sheets, the people said, asking not to be identified as no final decision has been taken.

Lenders, represented by the Italian Banking Association, are open to the idea of contributing such an amount but only through measures that don’t ...