Economics
Italy May Have to Spend EU10 Billion a Month on Lockdown Aid
- Strict lockdown like in spring may cost up to 50 billion euros
- Country is set to hit 1 million Covid-19 cases on Wednesday
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Italy may need to spend as much as 10 billion euros ($11.8 billion) a month to aid businesses and workers hit by coronavirus restrictions, according to people familiar with the matter.
Authorities are working on plans that would help the country navigate through a surge in infections that’s derailed the rebound from one of Europe’s worst recessions.