💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Italy PM says to present recovery plan to EU by mid-October

Published 08/19/2020, 01:32 AM
Updated 08/19/2020, 01:35 AM
© Reuters. FILE PHOTO: Italian PM Conte attends a session of the upper house of parliament on the coronavirus disease (COVID-19) in Rome

MILAN (Reuters) - Italy is working on identifying investment and reform projects to tie in with European Union financial support and will present its recovery plan by mid-October, Prime Minister Giuseppe Conte told a newspaper on Wednesday.

"We will pay great attention to material and immaterial infrastructure and aim to invest in schools, universities and research. We will also use the opportunity to improve the efficiency of public administration and justice," he told the daily Il Fatto Quotidiano.

© Reuters. FILE PHOTO: Italian PM Conte attends a session of the upper house of parliament on the coronavirus disease (COVID-19) in Rome

Conte said he also backed calls from former European Central Bank President Mario Draghi to strengthen instruments aimed at bringing greater stability to the euro area.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.