Giancarlo Giorgetti
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- 22h ago
Salvini defends proposed 5 billion euro bank levy against Abi criticism
Transport minister Matteo Salvini backed a contribution of around 5 billion euros from banks to the 2027 budget. Abi president Antonio Patuelli objected, and Abi says the measure was never agreed with the sector.
- 2d ago
Italy sets 22.25% final coupon for new BTp Valore Insieme retail bond
Italy's finance ministry has published the minimum guaranteed rates for two five-year BTp Valore bonds, sold only to individual savers from 19 to 23 October. The offer pairs quarterly coupons with a single 22.25% payment at maturity.
- 4d ago
Italy's 2027 budget draft totals 23.5 billion euros, with banks asked to contribute
The draft budget planning document went to Brussels and Parliament overnight, with 13.5 billion euros funded by EU fiscal flexibility and a contribution from banks and insurers.
- 6d ago
Corte dei conti warns Italy's debt path is slipping and urges stronger primary surplus
The court told parliament the 2029 primary surplus target of 2.4% needs strengthening, while Istat reports that the recovery of wages against prices has stalled ahead of the 2027 budget.
- Oct 8
EU's Dombrovskis rules out more fiscal flexibility as Italy and Greece press on inflation
Valdis Dombrovskis said the Commission will examine Italian and Greek requests more closely, while Italy's energy and defence escape clause cleared its first Commission assessment.
- Oct 5
Italy's tax burden rises to 43.5% in second quarter as household purchasing power drops
Istat data shows Italian fiscal pressure climbed 0.5 percentage points in the second quarter of 2026 while household savings fell to 6.7%, complicating budget negotiations for Prime Minister Giorgia Meloni's government.
- Oct 5
Italian diesel prices rise following excise discount expiry as Eni trims rate to 2.21 euros
Average Italian diesel prices reached 2.261 euros per litre on 7 October following the end of a 6.1-cent excise tax cut, prompting renewed debate over mobile duties and commercial price caps.
- Oct 4
Matteo Renzi demands three coalition guarantees from Giuseppe Conte at Leopolda convention
Italia Viva leader Matteo Renzi closed the 14th Leopolda convention in Florence on 4 October 2026, proposing a German-style coalition contract and setting terms for Giuseppe Conte.
- Oct 2
Italy seeks €28.8B deficit deviation for energy and defense as budget tensions rise
The Italian government has submitted a 143-page fiscal blueprint to Parliament requesting 28.8 billion euros in extra borrowing for 2027 and 2028, divided equally between energy relief and military spending.
- Sep 30
Abodi rejects political motive in FIGC review as CONI receives legal opinions on Malagò
Sports Minister Andrea Abodi denied that the government is pushing to take over the FIGC, stating CONI will rule independently on Giovanni Malagò's election following a fourth legal opinion on his registration.
- Sep 22
Istat confirms Italy 2025 deficit at 3.1%, delaying exit from EU procedure
Italy will remain in the European Union excessive deficit procedure after Istat confirmed a 3.1% deficit-to-GDP ratio for 2025, pushing any procedural exit to 2027.
- Sep 17
EU Commission acknowledges margin in Italy's use of PNRR savings for car tax cut
European Commissioner Valdis Dombrovskis noted member states have liquidity management leeway under the Recovery and Resilience Facility as Rome uses 1.7 billion euros in surplus project loans for 2027 vehicle tax relief.
- Sep 13
Giorgetti urges debt control and proposes 5% flat tax on pay rises
Speaking at the UDC party festival, Italian Economy Minister Giancarlo Giorgetti stressed the necessity of maintaining market confidence and managing public debt as higher ECB interest rates increase borrowing costs.
- Sep 7
Italian party leaders clash over NATO spending and economic policy at Cernobbio forum
Italian opposition figures and cabinet ministers gathered in Cernobbio on 6 September 2026 to debate military spending, social policy, and economic priorities at the TEHA Ambrosetti Forum.
- Aug 24
EU rejects joint windfall tax on energy firms, urging six nations to act nationally
The European Commission has told six member states, including Italy and Germany, that taxing fuel company windfall profits remains a national responsibility rather than an EU-level competence.
- Aug 23
Italy extends diesel excise tax cut to 5 September with 130 million euro package
The Italian cabinet approved a 130 million euro decree extending the 17-cent diesel discount through 5 September, funded by an advance tax on energy company dividends.
- Aug 2
Italy extends diesel tax cut to August 25 as pump prices stay above €2 per litre
The Council of Ministers approved a €245 million extension of the 17-cent-per-litre diesel excise reduction, financed by ministry budget cuts and extra VAT revenue. Gasoline remains untouched, with self-service prices at €1.999.
- Jul 29
Italy to request full 14.9 billion euro EU defence loan, coalition divided
Foreign Minister Tajani announced the decision to tap the EU's SAFE facility for up to 14.9 billion euros, but Defence Minister Crosetto immediately clarified the funds are a technical financing alternative, not new spending, exposing deep divisions within the ruling coalition.
- Jun 28
Treasury denies fast MPS sale but sources point to an imminent move before Intesa’s offer
The Italian Ministry of Economy is battling reports that it could sell its remaining Monte dei Paschi stake within days, even as financial sources say an accelerated placement is being prepared.
- Jun 21
Italy faces double tax on small packages as EU duty and national fee kick in July
From 1 July 2026, a €3 EU customs duty and a €2 Italian handling fee combine to impose a €5 charge on every low-value package arriving from outside the European Union, triggering warnings from the logistics industry.
