Italy prepares deficit hike to help economy cope with coronavirus


  • World
  • Sunday, 01 Mar 2020

FILE PHOTO: Italy's Minister of Finance Roberto Gualtieri attends a one day Italo-Franco summit in Naples, Italy February 27, 2020. REUTERS/Ciro De Luca

ROME (Reuters) - Italy will introduce this week measures worth 3.6 billion euros to help the economy withstand the largest outbreak of coronavirus in Europe, Economy Minister Roberto Gualtieri said on Sunday.

In an interview with La Repubblica newspaper, Gualtieri said this amounted to 0.2% of gross domestic product (GDP) and would come on top of an aid-package worth 900 million euros that was unveiled on Friday for the worst-impacted areas.

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