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ECB to inform Italy concerning dangers of bank windfall profits tax

TOPICS:
ECB Bundesbank

Posted By: The Corner 21st August 2023

Norbolsa| The ECB is preparing to send a letter to Italy with objections concerning the windfall profits tax, since, according to sources, the tax was announced without first informing the Bank of Italy or the ECB, as they are supposed to do according to EU rules. In this letter, the monetary authority will report on the dangers that this tax may have for the Italian economy.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.