Special Relief Plan To Save Italy's Economy
Special Relief Plan To Save Italy's Economy
Italian Prime Minister Mario Draghi is set to unveil a special relief plan on Wednesday to protect the Italian economy affected by the Corona Virus. Prime Minister Draghi, who is also the former head of the European Central Bank (ECB), will address the Senate before taking a vote of confidence.
With all of Italy's major political parties backing Draghi, it will not be difficult for him to win a vote of confidence. Italy has high hopes for the 73-year-old economist. Draghi was sworn in as Italy's 30th prime minister on Saturday. After nearly a month of political turmoil, Draghi was elected Prime Minister of Italy.
The death toll from the coronavirus epidemic in Italy has risen to nearly 100,000. Italy has also been challenged by new forms of Coronavirus in the United Kingdom, Brazil and South Africa. Meanwhile, Italy's economy shrank by nearly 9 percent last year.
Italy's economy is one of the worst in Europe. About 450,000 jobs have been lost here, most of them women and youth.
In his brief remarks after being elected Prime Minister on February 3, Prime Minister Draghi called for national unity in the face of difficult challenges facing the country.
Italy expects to receive more than 240 billion from the European Union's Coronavirus recovery fund. But in return, Italy will have to push for more difficult or unpopular reform programs.
Italian Prime Minister Mario Draghi is set to unveil a special relief plan on Wednesday to protect the Italian economy affected by the Corona Virus. Prime Minister Draghi, who is also the former head of the European Central Bank (ECB), will address the Senate before taking a vote of confidence.
With all of Italy's major political parties backing Draghi, it will not be difficult for him to win a vote of confidence. Italy has high hopes for the 73-year-old economist. Draghi was sworn in as Italy's 30th prime minister on Saturday. After nearly a month of political turmoil, Draghi was elected Prime Minister of Italy.
The death toll from the coronavirus epidemic in Italy has risen to nearly 100,000. Italy has also been challenged by new forms of Coronavirus in the United Kingdom, Brazil and South Africa. Meanwhile, Italy's economy shrank by nearly 9 percent last year.
Italy's economy is one of the worst in Europe. About 450,000 jobs have been lost here, most of them women and youth.
In his brief remarks after being elected Prime Minister on February 3, Prime Minister Draghi called for national unity in the face of difficult challenges facing the country.
Italy expects to receive more than 240 billion from the European Union's Coronavirus recovery fund. But in return, Italy will have to push for more difficult or unpopular reform programs.
