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Italy Weighs €2.5–3 Billion Bank Contribution as Budget Talks Advance

Coalition negotiates with lenders after Lega’s €5 billion demand met Forza Italia’s veto on new taxes.

Overview

  • Majority sources say the government is in talks with ABI and major banks to reach a negotiated package worth roughly €2.5–3 billion.
  • Options under study include a one‑off adjustment to Ires for financial intermediaries, a new deferral on deferred tax assets, and potential measures on share buybacks.
  • Lega continues to push for a €5 billion take to finance a new tax‑debt settlement and targeted support for families and small businesses.
  • Forza Italia rejects any levy on so‑called extraprofitti, with Antonio Tajani warning about market fallout and citing a prior agreement expected to yield over €4 billion in 2025–26.
  • Prime Minister Giorgia Meloni signals a cooperative approach with the banking system and Economy Minister Giancarlo Giorgetti calls a sector contribution reasonable as the Treasury finalizes the Documento programmatico di finanza pubblica this week.