After plunging into the political mainstream, Italy's far-right leader Giorgia Meloni is now shocking markets and upsetting big business
Italian Prime Minister Giorgia Meloni has surprised traders with a proposal to impose a windfall tax on banks, leading to a drop in Europe's main banking index. However, analysts do not believe this move indicates a shift towards populism and expect Meloni to continue with gradual fiscal adjustment policies. The Italian government is also facing potential controversies surrounding the upcoming budget and delays in receiving EU funds.