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Italy Said to Ready $1.8 Billion in Relief as Shutdowns Loom

  • Government could announce new restrictions as soon as Tuesday
  • Rome is expected to adopt flexible measures, mirroring Germany
Europe Steps Closer to Lockdown-Level Curbs in Italy
Photographer: Francesca Volpi/Bloomberg
Updated on

The Italian government is readying new relief funding of at least 1.5 billion euros ($1.8 billion) for businesses affected by coming shutdowns to combat the spread of Covid-19, people familiar with the matter said.

Italy’s latest decree, expected to be announced by Prime Minister Giuseppe Conte as soon as Tuesday, will include restrictions for a wide range of businesses in the country’s hardest-hit regions, including much of the industrial north, according to the people, who asked not to be named discussing confidential deliberations.