Economics
Italy Doubles Stimulus to Fight Virus Impact to $8.4 Billion
- Rome is already in talks with EU commission on flexibility
- Stimulus package will be presented next week, Gualtieri says
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Italy will double the amount planned to help contain the impact of the coronavirus outbreak on the economy to 7.5 billion euros ($8.4 billion.)
The announcement marks a dramatic escalation in the government’s response, which has so far included measures such as a nationwide closure of schools and a ban on public events.