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Italy will allocate 7.5 billion euros to fight against coronavirus


March, 06 2020
watermark Economic news

The Italian authorities intend to allocate 7.5 billion euros ($8.4 billion) to combat the epidemic of a new type of coronavirus COVID-19, which turned the country into a European epicenter of the disease.


Italian Prime Minister Giuseppe Conte noted that the country needs emergency support measures. According to Finance Minister Roberto Gualtieri, the government plans to introduce an incentive package next week. It will include funds that will allow a number of companies affected by the epidemic to suspend payments on loans. In addition, the money will go to health and emergency services.


At the same time, as Gualtieri noted, an additional budget deficit in Italy will amount to €6.35 billion.


According to recent data, the number of deaths from an outbreak of coronavirus in Italy per day increased by 41 to 148. The total number of recorded cases of infection reached 3858.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.