Mario Draghi may borrow €40bn more to keep Italy afloat
The government has spent more than €130bn so far to support the economy, with Italy in and out of Covid-19 lockdowns for more than a year
Rome — Italian Prime Minister Mario Draghi is bringing forward plans for as much as €40bn in new borrowing as the cost of keeping the economy afloat drains the state’s coffers and street protests heap pressure on the government, according to two people familiar with the matter.
The government will need between €35bn and €40bn to cover all the country’s needs, from maintaining furloughs to sustaining help for businesses and families, the people said, asking not to be identified as discussions are confidential. A spokesperson for Draghi declined to comment...