Italy approved 25 billion euros ($28 billion) of spending measures on Monday to ...
ROME - Italy approved 25 billion euros of spending measures on Monday to help the fragile economy survive the onslaught of coronavirus as the death toll in Europe’s worst-affected country jumped above 2,000.
“This is a weighty economic package. We never thought we could face this flood with mops and buckets,” Prime Minister Giuseppe Conte told a news conference. “Let’s hope it is the start of a trend reversal. I am saying it in a whisper, this could be the start of a trend reversal,” said Attilio Fontana, the governor of the wealthy northern Lombardy region which has been by the hardest hit in Italy.
“In the All Saints Church there aren’t any more pews, just coffins,” Giacomo Angeloni, in charge of Bergamo’s graveyards, told Reuters. “The situation is dramatic ... we are trying to maintain decorum.”In an effort to slow the spread of the virus, the government has closed restaurants, sporting events and most shops across the country and told Italians to stay at home.
Monday’s decree also suspended loan and mortgage repayments and offered state guarantees for banks. It extended parental leave and offered funds to families to pay for babysitters, with schools closed until April 3.
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