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Search resuls for: "Federico Santi"


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After plunging into the political mainstream and winning over her more moderate counterparts in Brussels, hardline Italian Prime Minister Giorgia Meloni is now shaking things up on home soil. Europe's main banking index dropped some 2.7% on Aug. 8 after Italy announced it would impose a 40% windfall tax on banks. Airlines have rebuffed other policy measures, with a new government plan to curb prices when flying to certain destinations. So far during her mandate, Meloni has largely fallen in line with mainstream political positions at home and abroad, despite concerns from some that she may push her country to the fringes. Federico Santi, a senior analyst at consultancy Eurasia Group, told CNBC via email that her backtrack on the windfall tax "was a major misstep, in perception and substance."
Persons: Giorgia Meloni, Meloni, Federico Santi, Santi Organizations: Airlines, European Commission, European Union, Kremlin, Eurasia Group, CNBC Locations: Brussels, Italian, Italy, Ukraine
A banner showing an image depicting Alberto Nuñez Feijoo, leader of the PP Party. Voters in Spain head to the polls on July 23 to cast their votes and elect Spain's next government. Spain voters are heading to the polls on Sunday in an election that could bring the far right to power for the first time since Francisco Franco's dictatorship. Polls published ahead of the vote projected a conservative win, with the PP (Partido Popular) set to secure about 34% of support — which would not be sufficient to form a majority government. Some political analysts expect PP to join forces with the far right party Vox, which could be the third biggest political force in this election and obtain more than 10% of the votes.
Persons: Alberto Nuñez Feijoo, Spain's, Francisco Franco's, Vox, Federico Santi Organizations: PP Party, Voters, PP, Partido, Vox, Eurasia Group Locations: Spain, Germany
Italy is moving ahead with a sovereign fund to support critical parts of its economy, amid a wider push by several European nations to bring global supply chains closer to home. Italy's Minister of Enterprises Adolfo Urso announced Wednesday a public-private fund that looks at consolidating "national strategic supply chains" in the areas of raw materials and energy. The announcement comes after Ireland, another EU nation, said earlier this month that it intends to start a sovereign wealth fund next year. Italy established a wealth fund back in 2011 which has investments in energy, communications and aerospace sectors. When Covid-19 hit in early 2020, many European nations struggled to get their hands on masks and other protective equipment, which were manufactured in Asia.
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