Italy unveils record economic stimulus plan

Italy unveils record economic stimulus plan

Wednesday, April 08, 2020

Print this page Email A Friend!

ROME, Italy (AFP) — Italian Prime Minister Giuseppe Conte on Monday announced a new stimulus programme designed to inject up to 400 billion euros (US$430 billion) into businesses damaged by the coronavirus pandemic.

Conte told the nation in a television address that the measure represented “the most powerful intervention in the country's history”.

The programme will add to the 340 billion euros in Government-backed loans announced last month.

Conte said half of the new package will be earmarked for export-oriented companies whose turnover has imploded over the past month.

The Italian leader also urged everyone to follow the strict containment measures in place since early March.

“We will soon see a new spring for Italy but for the moment, we must stay at home,” Conte said.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon