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Italy Set for $60 Billion Stimulus to Battle Coronavirus Economic Hit

  • Strains in Conte government have led to repeated postponements
  • New package focuses on help for stricken companies, families
People wait in line at a safe distance to shop at the food market of Porta Palazzo in Turin on May 4.

People wait in line at a safe distance to shop at the food market of Porta Palazzo in Turin on May 4.

Photographer: Marco Bertorello/AFP via Getty Images 

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Giuseppe Conte’s government is set to approve a much-delayed 55 billion-euro ($60 billion) stimulus package to help Italians battle the economic hit from the coronavirus crisis, with the focus on liquidity for businesses and aid to families suffering after over two months of a nationwide lockdown.