At EU summit, Italy will fight changes to Recovery Fund, minister says

At EU summit, Italy will fight changes to Recovery Fund, minister says

ROME (Reuters) – Italy wants the European Union to approve with no key changes a new recovery fund worth 750 billion euros that aims to rebuild the southern economies hardest hit by the coronavirus crisis, Economy Minister Roberto Gualtieri said on Friday.

“It is crucial to close EU negotiations over the recovery fund as soon as possible, if possible already in this European council,” he told the Italian newspaper Corriere della Sera.

Italy will fight to ensure no modification to the overall amount, the breakdown between grants and loans and the structure of the fund, Gualtieri added.

“We will fight hard not to modify these elements,” he said. “There are also some critical points in that proposal on which we will be very determined.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

XL subscribe to our newsletter banner

Get the latest news and advice on COVID-19, direct from the experts in your inbox. Join hundreds of thousands who trust experts by subscribing to our newsletter.

Send your news and stories to us news@climaxradio.co.uk or newstories@climaxnewsroom.com and WhatsApp: +447747873668.

Before you go...

Democratic norms are being stress-tested all over the world, and the past few years have thrown up all kinds of questions we didn't know needed clarifying – how long is too long for a parliamentary prorogation? How far should politicians be allowed to intervene in court cases? To monitor these issues as closely as we have in the past we need your support, so please consider donating to The Climax News Room.