×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now