The eurozone’s third-largest economy is injecting €3.6B into its economy to mitigate the largest outbreak of coronavirus in Europe.
Tax credits will be introduced for companies that
reported a 25% drop in revenues, as well as tax cuts and extra cash for
the health system.
The package will amount to 0.2% of GDP, and would
come in addition to €900M worth of measures unveiled on Friday for the
most severely hit regions.
FTSE MIB +0.4% to 22,072.
https://seekingalpha.com/news/3547281-italy-responds-to-coronavirus-3_6b-stimulus
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