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ITALY: E4bln To Be Raised From Banks - Deputy PM

ITALY
CEEMEAEurozoneItalyBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

 "ITALY EXPECTS TO COLLECT UP TO 4 BILLION EUROS FROM BANKS, DEPUTY PRIME MINISTER TAJANI SAYS" RTRS

  • The FT reported earlier that banks were set to contribute the most in the Government’s attempts to plug a E9bln gap in its budget.
  • The MNI policy team reported last week that the Italian government was looking for ways to close a EUR6-8 billion financing gap before presenting its 2025 budget to the EU.
  • Bloomberg reported yesterday evening that the Government is hoping to raise E4bln from companies “by adjusting some tax thresholds and eliminating certain tax deductions”.
  • No immediate reaction in the 10-year BTP/Bund spread, which is already 3bps tighter today at 124bps.
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 "ITALY EXPECTS TO COLLECT UP TO 4 BILLION EUROS FROM BANKS, DEPUTY PRIME MINISTER TAJANI SAYS" RTRS

  • The FT reported earlier that banks were set to contribute the most in the Government’s attempts to plug a E9bln gap in its budget.
  • The MNI policy team reported last week that the Italian government was looking for ways to close a EUR6-8 billion financing gap before presenting its 2025 budget to the EU.
  • Bloomberg reported yesterday evening that the Government is hoping to raise E4bln from companies “by adjusting some tax thresholds and eliminating certain tax deductions”.
  • No immediate reaction in the 10-year BTP/Bund spread, which is already 3bps tighter today at 124bps.