Italy to introduce 55 billion euro aid package to support economyChristian Fernsby ▼ | May 10, 2020
The Italian government is finalizing a package worth 55 billion euros to support the country's economy as it battles the coronavirus, a report in the Corriere della Sera newspaper said on Saturday.
Package Italy street
The 760-page draft includes funds for the tourism, culture and agriculture sectors, which have been particularly badly hit by the crisis. It also includes money for the healthcare system, short-time work and families.
Italy has reported a total of 217,185 coronavirus infections. After Britain, Italy has seen the most deaths in Europe due to the virus.
The European Commission has said that Italy should brace for a severe economic downturn with a gross domestic product set to plunge by nearly 10 percent. ■