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World Coronavirus: Italy releases 25 billion euros to overcome the crisis

19:15  11 march  2020
19:15  11 march  2020 Source:   rfi.fr

Austria launches 38 billion euros aid fund, border checks with Germany

  Austria launches 38 billion euros aid fund, border checks with Germany Austria launches 38 billion euros aid fund, border checks with GermanyVIENNA (Reuters) - Austria will spend up to 38 billion euros ($42 billion) to secure jobs and keep companies afloat, Chancellor Sebastian Kurz said on Wednesday, joining other European countries providing more funds to limit the impact of the coronavirus pandemic.

GENOA (Sputnik) - Italy is set to allocate an additional 25 billion euros ($ 28 billion) to fight the coronavirus disease (COVID-19), Italian Prime Minister Giuseppe Conte announced on Wednesday.

For instance, Italy has promised a 25 - billion - euro (.26 billion) rescue plan and France said it will deploy 45 billion euros to mitigate the impact of coronavirus European leaders debated briefly on Tuesday the possibility of issuing euro bonds to provide financial help during the coronavirus crisis .

Le chef du gouvernement italien, Giuseppe Conte, a abordé la propagation du Covid-19 lors d'une conférence de presse à Rome, le 11 mars 2020. © Remo Casilli / Reuters The head of the Italian government, Giuseppe Conte, addressed the spread of the Covid-19 during a press conference in Rome, March 11, 2020.

The European country most affected by the coronavirus, Italy is idling with the massive confinement put in place until April 3, by decision of the government.

This is a veritable "Marshall plan" deployed to cross the coronavirus epidemic which, at the last count, infected 10,149 people and caused 631 deaths in Italy.

The government announced this Wednesday, March 11, an extraordinary envelope of 25 billion euros, a little more than one point of gross domestic product, reports our correspondent in Rome, Anne Tréca . An unprecedented mobilization of public money which risks further widening the Italian deficit, but which is supported by the European Central Bank and the Brussels Commission, in terms to be specified.

Greek PM says coronavirus will test economy, ready to inject 10 billion euros

  Greek PM says coronavirus will test economy, ready to inject 10 billion euros Greece's economy will be tested in the coming months due to the coronavirus outbreak, Prime Minister Kyriakos Mitsotakis said on Thursday, announcing a package of 10 billion euros in measures to support it. © Reuters/Lisi Niesner FILE PHOTO: Greek Prime Minister Kyriakos Mitsotakis and Austrian Chancellor Sebastian Kurz hold a joint news conference in Vienna Mitsotakis, who said that 3 billion euros would come from the state budget and an equal amount from EU structural funds, added that the country has "new weapons" following its inclusion in an emergency assets purchases' program launched by the ECB.

Live statistics and coronavirus news tracking the number of confirmed cases, recovered patients, tests, and death toll due to the COVID-19 coronavirus from Wuhan, China. Coronavirus counter with new cases, deaths, and number of tests per 1 Million population.

Italy is throwing cash at its coronavirus -hit economy this week as hospitals are forced to turn to the private sector for help. One lead virologist in Milan described Lombardy's hospitals as being close to breaking point, in "severe crisis " and registering an "overload" of patients, Italian news agency ANSA

" No one will lose their job because of the coronavirus "

Giuseppe Conte, the president of the Council of Ministers of Italy, announced it at a press conference in Rome: these "extraordinary resources" are "to be used to make in the face of all the difficulties that [we] are facing with this crisis ”, caused by the spread of Covid-19.

What we know is that the government can already spend 10 billion euros to support hospitals and the health system as a priority: buy equipment, hire thousands of doctors and nurses… To save the companies in most difficulty, direct aid and additional social shock absorbers are announced, as well as specific unemployment benefits for small businesses, the most fragile.

► Read also: Coronavirus: race against time in Italy to stem the epidemic

For families forced to keep children at home as long as schools are closed, parental leave allowances and baby tickets sitter will be distributed. It is even planned to suspend repayments of loans due to banks.

Roberto Gualtieri, Minister of the Economy, promised: "No one will lose their job because of the coronavirus. From Brussels to Rome, everything will be done to keep the third euro-zone economy afloat. "Now is not the time to look at the" zero point something "in the rules. Now is the time to think about jobs, the health system […], the future of our economy, "said Paolo Gentiloni, European Commissioner for the Economy and former head of the Italian government.

Coronavirus: The EU creates a fund of 25 billion, without new money .
SANTE-CORONAVIRUS-UNION: Coronavirus: The EU creates a fund of 25 billion, without new money © Reuters / POOL CORONAVIRUS: THE EU CREATES A 25 BILLION FUND WITHOUT FRESH MONEY BRUSSELS (Reuters) - The European Commission will create a fund with 25 billion euros from existing resources, and the budgetary and public aid rules will be interpreted with flexibility to help EU countries overcome the economic consequences of the coronavirus epidemic, European leaders announced on Tuesday.

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