Meloni’s Italian Populism Puts Investors, China on Notice
- Package extends attempt to remake economy in coalition’s image
- Bank tax wiped $10 billion off market value of lenders
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Giorgia Meloni’s economic policy has just taken a sharply populist turn, launching an assault on bank profits and vying to tighten its grip over corporate Italy.
The prime minister’s nine-month-old far-right coalition government is doubling down on a state-led approach to managing prosperity with a program unveiled on Monday that unsettled investors and threatened to overshadow relations with China.