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Italy to raise nearly €11 billion from banks over three years

Original: Italy to raise almost €11 billion from financial sector in next three years https:// reut.rs/3TXpOli https:// reut.rs/3T

Italy plans to raise almost €11 billion from the financial sector over the next three years, according to a Reuters report. The measure is part of the government's budget planning and will involve contributions from banks and insurers, adding to debate over Rome's reliance on the financial industry to shore up public finances.

Why now: The announcement affects Italian banks and insurers and touches on ongoing debate over Italy's public finances.

ItalyItalian governmentbanksinsurersReuters

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• Italy to raise almost €11 billion from financial sector in next three years https:// reut.rs/3TXpOli https:// reut.rs/3TXpOli · ReutersBiz

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