Italy plans to spend more than €222 billion from various European Union funds to revive its coronavirus-battered economy, a draft government document seen by Reuters showed on Thursday (7 January).
Rome is entitled to more than €200 billion from a European emergency programme designed to help those EU nations hardest hit by the coronavirus.
The €222 billion scheme includes resources from the emergency fund and other European programmes, including an agricultural fund, the document showed.
The plan still needs to be approved by the cabinet which will likely meet before f end of this week, according to government sources.
Prime Minister Giuseppe Conte is facing internal opposition from former premier Matteo Renzi, whose centrist Italia Viva party polls at no more than around 3% but is crucial for the government’s survival.
Italian government totters as Conte, Renzi divide deepens.
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Italy to spend 222 billion euros of EU funds to revive economy – EURACTIV.com
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