The Italian treatment: the decree to fight coronavirus

Author: IFLR Correspondent | Published: 20 Mar 2020

Milan-based advisor Antonio Lanotte examines the Italian government’s maxi anti-coronavirus decree

Italy’s maxi anti-coronavirus decree, launched on March 16 from the Council of Ministers and published in the Official Gazette on March 17, introduces a €25 billion package to help protect businesses and families from the economic repercussions of the Covid-19 pandemic.

The decree is just one step in Italy’s fight against the coronavirus outbreak affecting not only Italy, but increasingly, the whole of Europe. The next necessary step will be another urgent decree, scheduled for April 2020, which will put forth measures for growth.

The Italian treatment

Of the €25 billion within Italy’s maxi anti-coronavirus decree, €3 billion will be used for a cash injection for all companies - even those with just one employee. More than €10 billion will be made available to workers, including

the self-employed: all will receive a one-time cheque for €600...