Italy's shock tax on banks continues to prove controversial, even as the government insists it can 'improve' it.
"It's a very stupid law," Carlo Calenda, national secretary of the Azione political party, told CNBC over the weekend.
"It's something that all the international investors will look at saying: 'Wow, this is very dangerous. I don't want to make an investment here in Italy, long-term investments, knowing that the government can jump in and say okay, I'm gonna take part of your profit'," he told CNBC's Steve Sedgwick at the European House Ambrosetti Forum.
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