Italy may need new stimulus measures worth EUR30 billion – Il Sole
|Citing Italian parliamentary document, Il Sole 24 Ore - an Italian national daily business newspaper, reported on Friday, Italy may need new stimulus measures worth EUR30 billion.
The government has already rolled out EUR25 billion and the additional stimulus package is now being discussed in the parliament.
The additional funds will be needed to pay for welfare measures to help workers and other citizens impacted by the coronavirus pandemic, the paper added.
EUR/USD turns negative amid USD comeback
EUR/USD is extending the retreat from near 200-DMA hurdle at 1.1085, as the bears take back control amid a broad-based US dollar comeback.
At the moment, the main currency pair trades modestly flat at 1.1022, having hit a session low of 1.1009 in the last minutes.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.