Economics
EU’s Rescue Gives Italy a Fillip Even If Money Takes Longer
- Market relief for Italy may help the country fund itself too
- EU leaders will learn of depth of GDP slump next week
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Just days before the depth of Europe’s virus-induced economic plunge will be revealed, the region’s leaders may have cemented the foundations of a recovery.
The 750 billion-euro ($865 billion) stimulus agreed on Tuesday could take many months to start arriving in the continent’s worst-affected economies, but the assurance it shows to investors on the European Union’s common resolve is already aid in itself.