Italy to allocate 25B euros to fight coronavirus

News Department
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Italian Prime Minister Giuseppe Conte said Council of Ministers decided to allocate 25 billion euros to support families and companies amidst the emergency situation in the country stemming from the coronavirus outbreak.

Funds will not be used all at once, Giuseppe Conte said, adding that they be needed to overcome difficulties caused by COVID-19.

The government had initially announced the allocation of 7.5 billion euros.

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