21 May 2020 – €9 billion Italian “umbrella” scheme approved

Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy
Overview: The European Commission has approved a €9 billion Italian “umbrella” scheme to support the Italian economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April and 8 May 2020.
Full details here: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_925