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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.
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
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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.