Italy's COVID-19 death toll shoots past 10,000

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Italy's world-topping coronavirus death toll shot past 10,000 on Saturday and showed few sign of slowing down.

ROME: Italy's world-topping coronavirus death toll shot past 10,000 on Saturday and showed few sign of slowing down.

The sudden new surge is offset - if only slightly - by rare positive news from the pandemic's epicentre in northern Lombardy region around Milan. The bloc has already untied its purse strings in ways not seen since the 2008-2009 global financial crisis.France is backing a push by Italy and Spain for the EU to start issuing"corona bonds" - a form of common debt that governments sell on markets to raise money and address individual economic needs.More spendthrift nations such as Germany and the Netherlands are balking at the idea of joint debt.

 

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