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Salvini wants a 5% contribution from the profits of the ten largest Italian banks.

Salvini wants to levy a triennial contribution of 5% of the profits of the ten largest Italian banks to finance public security.

Salvini wants a 5% contribution from the profits of the ten largest Italian banks.
Salvini wants a 5% contribution from the profits of the ten largest Italian banks. Photo: reproduction / Il Sole 24 Ore.

According to the newspaper Il Sole 24 Ore, Deputy Prime Minister Matteo Salvini proposed a triennial contribution of 5% per year on the profits of the ten largest Italian banks. With estimated profits of 30 billion euros, the measure would yield approximately 1,5 billion per year. "I am convinced that the majority will support us," said Salvini, who also stated that he expects the banks to profit 40 or 50 billion euros the following year.

The proposal comes from the Lega party and is part of discussions about the next Italian budget law. Salvini justified the measure by pointing out that part of bank profits derives from state guarantees and, therefore, from citizens. He also cited the Spanish government of Sánchez as a reference: he said he disagreed with everything from that government, except for the economic intervention in Spanish banks.

Read also Meloni's right wing is gaining ground, but the opposition is ahead in a new poll in Italy; see the numbers.

Read the original article in Italian in the newspaper. Il Sole 24 Ore .

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