Real-term wages are falling. Image relates to minimum wage with hands holding low denomination euro notes and coins.

Italy faces real-term wages decline and trade shifts

Italy is grappling with a dual economic challenge: workers’ real hourly wages are falling, while export and import flows are shifting markedly. Data released this week by the Istat reveal that, in September 2025, hourly contract wages were 8.8 % lower in real terms compared with January 2021. At the same time, nominal wages held […]

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2026 budget - banks to contribute

Banks and insurers to shoulder €4.4 bn in 2026 budget

ROME — Italy’s banks and insurance companies are to play a central role in funding the 2026 government budget. The Draft Budgetary Plan (DBP) submitted to the European Commission calls for a €4.4 billion contribution in 2026 — equal to 0.19 % of GDP. The financial sector’s contribution is to come via the extension of […]

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