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Home Stock Market

Italy approves 14 billion euros of stimulus measures as growth outlook weakens By Reuters

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May 2, 2022
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Italy approves 14 billion euros of stimulus measures as growth outlook weakens
© Reuters. FILE PHOTO: Italy’s Prime Minister Mario Draghi speaks throughout a joint information convention with Italy’s Financial system Minister Daniele Franco (not pictured) on the federal government’s new fiscal targets in Rome, Italy, September 29, 2021. REUTERS/Yara Nardi

ROME (Reuters) – Italy on Monday accredited a brand new stimulus bundle value 14 billion euros ($14.71 billion) to defend corporations and households from the financial affect of the struggle in Ukraine, Prime Minister Mario Draghi stated.

The measures is not going to push up the nation’s finances deficit this 12 months and can partly be financed by growing a windfall tax on vitality firms, Draghi advised reporters after cupboard accredited the federal government decree.

($1 = 0.9519 euros)



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