Giorgetti hits back at Italian bankers' gripes over budget

Italian Economy Minister Giancarlo Giorgetti addressed concerns from ABI President Antonio Patuelli regarding a proposed five-billion-euro contribution from the banking sector for the 2027 budget. Giorgetti emphasized that the government had previously supported banks and now expects their cooperation in restoring public finances. He acknowledged the burden this contribution represents but believes it can be managed over time. Patuelli expressed worries about the increased tax burden on banks and reminded that the sector had previously aided struggling banks during crises. He urged for reconsideration before the budget bill is finalized.