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NightOwl@lemm.ee to World News@lemmy.ml · 2 years ago

Italy shocks banks with 40 percent windfall tax for 2023

www.aljazeera.com

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Italy shocks banks with 40 percent windfall tax for 2023

www.aljazeera.com

NightOwl@lemm.ee to World News@lemmy.ml · 2 years ago
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The move comes after higher interest rates have yielded record profits for banks as the cost of loans has soared.
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              The unemployment rate is horrendous, at 13.3% in the first quarter of 2023. In comparison, Germany was at around 5.5%, the UK at about 3.8%, and the US at around 3.5%.

              Edit: And when you scope that to youth unemployment, the rate in Spain is nearly 30%. I won’t pretend to know enough about Spanish economic policy to speculate on causes, but things are not exactly going well.

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                • BraveSirZaphod@kbin.social
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                  Okay?

                  I’m genuinely not understanding your point. That website shows 13.01% unemployment it 2022, and 28.34% for youth. These are very high.

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