Financial Stability, Markets

ECB cautions on Italy’s windfall tax

By Giada Zampano
Image: Getty Images

Italy’s banking windfall tax could impair the resilience of the eurozone’s banks and distort markets, the European Central Bank has cautioned.

The ECB’s non-binding legal opinion, published on September 13, comes amid rising tensions with the populist government of Giorgia Meloni, who has voiced doubts over monetary policy ...

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