The European Union will, over the next six years, pay Italy a total of €191.5bn - €68.9bn in grants and €122.6bn in loans - under its Recovery and Resilience Facility (RRF), set-up to tackle Covid-19's economic impact.
The significant aid makes Italy the greatest beneficiary among its peers out of a total of more than €750bn EU-wide.
Sources in Italy's ruling coalition confirmed that the EU, earlier this month, disbursed a first €25bn tranche, which will be used to finance ongoi...
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Already a member? Login hereSilvia Marchetti is a Rome-based freelance reporter. She covers finance, economics, travel and culture for a wide range of international media.
Silvia Marchetti is a Rome-based freelance reporter. She covers finance, economics, travel and culture for a wide range of international media.