PHOTO: Coronavirus outbreak in Italy
Italy will boost the size of its economic emergency package and suspend payments on mortgages in an effort to lessen the impact of sweeping restrictions imposed across the country to contain the world’s second-largest coronavirus outbreak after China.
Government ministers on Tuesday said Italy would increase the fiscal measures to help struggling businesses and families to €10bn, up from €7.5bn already announced. They also said there would be a moratorium on debt payments, including mortgages, during the outbreak. Under new emergency measures that came into force on Tuesday, the entire country has been placed under public health restrictions and all non-essential travel across Italy has been prohibited until the start of April.
READ MORE VIA FT