ROME
Italy’s government approved a new stimulus package on Wednesday aimed at shielding the country’s fragile economy from the negative impact of the worst coronavirus outbreak in Europe.
Italian Economy Minister Roberto Gualtieri said at a press conference that the package would include measures for up to €25 billion ($28 billion), which will translate to an additional budget deficit of about €20 billion.
Gualtieri indicated that the new economic package would need to raise the country’s current deficit targets, suggesting that the European Commission was open to considering further flexibility due to the exceptional health emergency.
On Monday, Italian premier
Read more: Italy mulls new economic package amid COVID-19 fallout
