Italy set up 4 billion euro fund to compensate companiesChristian Fernsby ▼ | October 18, 2020
Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession.
Fund Italy street
The ruling coalition, led by the anti-establishment 5-Star Movement and centre-left PD party, agreed a preliminary version of the stimulus package, a government source said, leaving final details to be hammered out, Reuters reported.
The budget also extends temporary lay-off schemes for companies with workers on furlough and offers tax breaks to support employment in the poor south of the country. ■