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Italy Urges Banks to Contribute Billions to 2026 Budget Amid Rising State Finances Pressure
Italy Urges Banks to Contribute Billions to 2026 Budget Amid Rising State Finances Pressure
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BTCCSquare news:
Italian Economy Minister Giancarlo Giorgetti has called on the country's banking sector to contribute billions of euros to the 2026 budget, citing massive industry profits over the past five years. The government is exploring funding alternatives ahead of next month's budget release, with Giorgetti emphasizing fair contributions without undue pressure.
Last year's measures extracted €4 billion from banks to support the 2025 budget. Now, Giorgetti's League party seeks an additional €1 billion for 2026. The minister framed this as a shared responsibility during a rally in Marche, stressing the importance of collective participation in state financing.
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