Italy’s Meloni: I take full responsibility for introducing windfall tax on banks

Anil Panchal FXStreet

Italian Prime Minister Giorgia Meloni crossed wires early Monday while giving an interview to the Italian paper Corriere della Sera, La Repubblica and La Stampa, per Reuters.

In doing so, the Italian leader took full responsibility of the early-month announcements of windfall tax on bank by terming it a serious matter.

The policymaker also ruled out chatters about alliances for European Union (EU) parliament elections by calling it “Too early”. “No vetoes on Le Pen,” added Italy’s Meloni.

Market reaction

Following the news, EUR/USD pares intraday losses at the lowest level in a week, picking up bids to 1.0935 heading into Monday’s European session.

Also read: EUR/USD Price Analysis: Euro bears approach 1.0900 as sour sentiment, firmer yields propel US Dollar

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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