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Italy Windfall Tax: Banking Stocks Decline Amid Surprise Move by Meloni
Posted
August 8, 2023
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3,520
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August 8, 2023
3,520
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2:59Now PlayingItaly’s right-wing government spooked markets with an unexpected tax on banks’ windfall profits. Blaming a string of interest rate hikes by the European Central Bank, Giorgia Meloni’s administration approved the surprise tax at a cabinet meeting Monday night. Alessandra Migliaccio reports on Bloomberg Television.
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