Italy Approves Coronavirus Spending Package

Italy Approves Coronavirus Spending Package

Italy Approves Coronavirus Spending Package

ROME—The Italian government approved a new €25 billion ($28.94 billion) spending package late Wednesday, a day after European Union leaders agreed on a €1.8 trillion package aimed in large part to help Italy and other southern European countries blunt the economic impact of the coronavirus pandemic.

The modest size of Italy’s measures—the third package of stimulus spending bringing the total to €105 billion earmarked from this spring—reflects the challenges Italy faces in finding the money needed to fight what is expected…

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