Italy will ramp up spending to help the economy cope with the impact of the coro...
A woman wearing a protective face mask carries a tray on the second day of an unprecedented lockdown across all of the country, imposed to slow the outbreak of coronavirus, in Rome, Italy March 11, 2020. REUTERS/Yara Nardi
ROME - Italy will ramp up spending to help the economy cope with the impact of the coronavirus, earmarking 25 billion euros to tackle the growing crisis, Prime Minister Giuseppe Conte said on Wednesday. Last week the cabinet said it would need just 7.5 billion euros, but since then the emergency has escalated dramatically and the entire nation is under lockdown, freezing much economic activity in a nation that was already flirting with recession.
Conte warned that already tough restrictions on movement might be tightened further after the northern region of Lombardy asked for all shops to shut and public transport to close.
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