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Italy unveils new $17.4 billion package against inflation

Italy approved on Thursday a new aid package worth around 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and rising consumer prices.

The scheme, one of the last major acts by outgoing Prime Minister Mario Draghi before a national election next month, comes on top of some 35 billion euros budgeted since January to soften the impact of sky-high electricity, gas and petrol costs.

Link: https://www.reuters.com/markets/europe/italy-approve-145-billion-package-against-inflation-2022-08-04/

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