Italy approves 32b euro package for virus-hit economy


Italy’s government has approved a 32-billion-euro ($38-billion-dollar) economic relief package for coronavirus-stricken businesses and workers.

It included 11 billion euros of grants to worst-affected firms that will be paid out by the end of April, Prime Minister Mario Draghi said in a news conference.

Draghi called the decree a “partial answer” to those who are struggling with the fallout from the pandemic, “but the best that we could do” given budgetary constraints.

Around 8 billion euros were earmarked for welfare support.—AFP

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