Italy unveils record 430 bn US dollars stimulus to boost economy
- Posted By
10Pointer
- Categories
World Affairs
- Published
9th Apr, 2020
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- Italy has unveiled a record 430 billion US Dollar stimulus to help businesses hurt by a month-long national lockdown that is like to run on for many more weeks.
- The programme will add to the 340 billion euros in government-backed loans announced last month.
- Half of the new package will be earmarked for export-oriented companies whose turnover has imploded over the past month.
- The government also announced that it will take steps to protect Italian companies weakened by the economic crisis from being taken over by foreign competitors.
