Economics

Draghi Bets 261 Billion Euros on Redesign for Italy Economy

Premier begins pushing his ‘historic’ plan through parliament
Program draws on EU recovery fund, twins investment and reform

Mario Draghi collects his papers after presenting his economic recovery plan in the lower house of Parliament in Rome on April 26.Photographer: Alessia Pierdomenico/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By John Follain and Alessandra Migliaccio

April 27, 2021 at 3:00 AM UTC

Updated on

April 27, 2021 at 9:53 AM UTC

This article is for subscribers only.

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here

Prime Minister Mario Draghi has just days to perfect and finalize what he’s calling a “historic” project to rescue Italy’s economy from the pandemic and fix its structural weaknesses, using 261.1 billion euros ($315 billion) of mostly European Union funds.