Italy announces 25bn-euro reserve fund to tackle impacts of coronavirus

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Italy announces 25bn-euro reserve fund to tackle impacts of coronavirus
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Italian Prime Minister Giuseppe Conte, on Wednesday, announced a 25-billion-euro (or 28.3-billion-dollar) funding package to help the country deal with...

Italian Prime Minister Giuseppe Conte, on Wednesday, announced a 25-billion-euro funding package to help the country deal with the novel coronavirus.

The prime minister added that the coronavirus emergency in Italy, by far the worst so far in Europe, was both a health and an economic emergency, with clearly important social impact. “The rest was let’s say an allocation, a reserve for possible future interventions, potentially also on a European level.

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