Milan, Italy, Oct 15, 2024 (AFP) - Italy turns to banks to balance tight budget

NAMPA / AFP

2024-10-15

Italy's government relied on the banks to help balance a very tight budget Tuesday, without a repeat of last year's aborted windfall tax that spooked the markets. Far-right Prime Minister Giorgia Meloni's ministers are meeting late Tuesday to agree on the broad outlines of a 2025 budget which, because of Italy's membership of the EU single currency, must then be sent to Brussels. As last year, they are seeking to balance electoral promises with t......

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