Spain Keeps Banks Guessing on Windfall Tax Ahead of Meeting (1)

The Spanish government is keeping banks in the dark about the details of a new windfall tax ahead of a meeting with lenders next week.

In separate interviews Thursday, the two top policymakers overseeing the new levy, Budget Minister Maria Jesus Montero and Economy Minister Nadia Calvino, both avoided saying how it might actually work. Calvino did say that the government would summon banks for a meeting next week to discuss the measures.

Two days after Prime Minister Pedro Sanchez announced the tax, investors and the banks themselves are still scrambling to figure out how it’ll be applied in …