Commission approves €9 billion Italian 'umbrella' schemeChristian Fernsby ▼ | May 22, 2020
The European Commission has approved a €9 billion Italian umbrella scheme to support the Italian economy in the context of the coronavirus outbreak.
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In particular, it will help businesses cover immediate working capital or investment needs.
This scheme will also support and promote research and production of coronavirus-related products and will help employees to avoid lay-offs in these difficult times. ■