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.
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