Italian Gov't Pledges Billions More Inflation Aid| MENAFN.COM

Friday, 19 August 2022 05:15 GMT

Italian Gov't Pledges Billions More Inflation Aid


(MENAFN- Kuwait News Agency (KUNA)) ROME, Aug 4 (KUNA) -- Outgoing Italian Prime Minister Mario Draghi announced a 17-billion EURO support package Thursday aimed largely at households and businesses to help mitigate the effect of rising prices.
In a press conference, Draghi announced the package, which comes on top of EURO 35 billions of measures unveiled in the past year, two weeks after being forced to resign after his government collapsed.
Elections are set for September 25 but the former European Central Bank chief is staying on in a caretaker role until a new government is formed.
Draghi said the Italian economy was performing better than expected, citing the International Monetary Fund's estimate of three percent for 2022. (end)
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