Italy approves new stimulus package to help virus-hit economy

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Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, a government statement said on Sunday after a late-night cabinet meeting.

FILE PHOTO: Empty tables are seen outside a restaurant in Rome as the country tightens regulations in an effort to control rising COVID-19 infections, Rome, Italy, October 14, 2020. REUTERS/Remo Casilli/File Photo

Among measures to support the health and education system, the government will set up a 4 billion euro fund to compensate companies worst hit by coronavirus lockdowns. Italian Prime Minister Giuseppe Conte is expected on Sunday to also announce new measures to curb the steady spike in COVID-19 cases over recent weeks.

 

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Italy's debt is far from on a fast-improving trajectory, BoA warns. Only in the scenario of maximum growth support, debt would be below 160%-line at end of the decade. In that scenario, stronger growth would outpace the burden of extra-deficit.

all the countries look at the economic plan and it will not be easy ..keep up economy more employment with safe

This beautiful country government can take care of their citizens while Trump does nothing for us but push ACB thru for his destruction of our healthcare system. Vote him out NOW!

EndSARS

Because stimulus is so helpful. Which is why we need another.

And who pays? 💸🤡🤪😷🇩🇪

good

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This is surprising. The rich and elite have money regardless of the economy. Gucci, Ferrari ,Etc will survive.

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wow

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