Friday

14th Aug 2020

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Indebted Italy to spend €55bn on pandemic recovery

Italy is to spend €55bn on helping people get over the pandemic, prime minister Giuseppe Conte said Wednesday. Most of the money will be spent on unemployment benefits and on €40,000 booster payments for small firms. Larger companies will also get corporate tax holidays. The package comes despite Italy's sky-high public debt levels. But EU officials have signalled Italy can break EU fiscal discipline rules in the special circumstances.

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Drums of war again, in Europe

Just a few weeks ago, as Europeans in several countries put their furious debates about masks and corona appsinto higher gear, Turkey and Greece almost came to blows in the Aegean Sea.

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