Italy wants to distribute due to Corona billion to companies – and the EU should pay for it

No country in Europe meets the Coronavirus as strong as Italy. The Sars-CoV-2-wave has infected more than 1,100 people, 29 people died. Still nobody who has the

Italy wants to distribute due to Corona billion to companies – and the EU should pay for it

No country in Europe meets the Coronavirus as strong as Italy. The Sars-CoV-2-wave has infected more than 1,100 people, 29 people died. Still nobody who has the Virus to Italy one chleppte know – probably, it will forever remain a mystery. And although the dead in Italy so far were all older people with pre-existing conditions: The panic is spreading.

in two respects. Because in addition to the Concerns about your own health and the Coronavirus also attracts Italian companies in the Philippines: The current crisis slows down large parts of the Italian economy, such as the car industry. In your current Outlook for the world economy, the Organisation for economic development and cooperation (OECD) has revised its forecast for Italy, already dramatically down: Currently, the OECD is forecasting a zero growth instead of the previous 0.4 percent.

Indebted Italy now the biggest problem child in Europe

For comparison: Germany had said the OECD was originally a growth of 0.4 per cent previously. The new forecast falls of 0.3 per cent, but hardly worse. Nevertheless, the voices of those calling for a stimulus program of the Federal government, with the domestic economy should be growing in this country. Reuters/Daniele Mascolo/XinHua/dpabild people with mouth protection in the North of Italy on the way.

Obviously weighs on Rome is a much higher pressure. Italy is in an economic sense, in any case, perhaps the biggest problem child in Europe: The public debt amounts to around 135 percent of gross domestic product – instead of the agreed 60 per cent. At the same time, unemployment is around 10 percent.

To top it all, the concerns about the economy, after a short breather, it seemed temporarily to get better, to grow back. In the last quarter of 2019, the gross domestic product had fallen even to 0.3 percent – the largest decrease compared to the previous quarter for years.

Coronavirus plays a right-wing populist Salvini in the cards

the Only beneficiaries of this development of the right-wing populist Matteo Salvini, the declared Italy's problems on the loved one with the alleged Sparwut the EU. As long as Salvini's party, the Lega Nord, was involved in the government, was in Rome almost continuously in dispute with Brussels. Because the Italian government wanted to push through on the Urging of Salvini's is that you may even more debt. Reuters/Fabio Cimaglia/LaPresse, via ZUMA Press/dpa, Italy's Ex-interior Minister Matteo Salvini

this strategy had Salvini personal success: Since joining in the Opposition in the last year, the former interior Minister is considered the head of government in waiting. The Corona-crisis is likely to play but more in the cards. Because additional economic problems and the failed Attempts, the Virus to stop, give him new ways to present himself as a would-be problem-solver.

Fixed: The Virus destroys the last hopes for an economic recovery for the time being. Especially for Italy's vital tourism industry, the effects of the epidemic are already feeling. In the whole of Veneto and the whole of the Lombardy museums, churches and monuments are closed, there are no operas in the La Scala in Milan and not at the Teatro Fenice in Venice.

Reuters/Claudio Furlan/LaPresse, via ZUMA Press/dpa, tourism in Italy, suffers from the outbreak of the Coronavirus. The St. mark's square is swept as empty.

fashion shows at the Milan Fashion Week, there were only online. Serie A-soccer games have been canceled. The St. mark's Basilica and St mark's tower in Venice is to remain closed, the St. mark's square is deserted.

the Biggest concern is the economic centre of Milan,

perhaps The biggest concern, however, is that the Virus implants itself in the metropolis of Milan. Milan is the second largest city in Italy and the economic and financial centre, with more than 1.3 million inhabitants. When it comes to a halt, the consequences for the economy are extremely serious.

In Milan, In residents reports of "surreal scenes". The shelves in supermarkets are empty – biscuits, Pasta, milk, all gone. Restaurants remain closed, and many companies have instructed their employees to work from home.

Reuters/Claudio Furlan/LaPresse, via ZUMA Press/Reuters A woman with mouth protection in front of a Restaurant in Milan.

In a first reaction, Rome had already decided on the last Friday for aid in the amount of approximately € 900 million. They are areas of focus for the elf lock in Lombardy and in the Veneto region, is determined.

the government wants to distribute EUR 3.6 billion and the EU to pay

in Addition,. has announced the Italian government in a massive bailout package: a Total of 3.6 billion euros will be provided to the ailing economy This sum of the Minister of economy, Roberto Gualtieri, on Sunday called in an Interview with "La Repubblica": "a package of additional and extraordinary appropriations in the amount of 3.6 billion euros, which corresponds to a share of 0.2 percent of gross domestic product." By the end of the week the Cabinet of Ministers will adopt the measures, Gualtieri, and more. Reuters/Claudio Furlan/LaPresse/AP/dpa A paramedic leaves on the 29. February 2020 a tent that was set up in front of the emergency room of the hospital of Cremona.

The big question is: where will the money come from? The eternal discussion of Italy's liabilities threatens to re-kindling. The Prime Minister, Giuseppe Conte said in the newspaper "Il Fatto Quotidiano", that the highly indebted country would increase the deficit for the state budget. The vote would be held with the European Union, he was quoted in agencies.

No concern, "and that Brussels will contest our request,"

Gualtieri was optimistic that Rome could convince the EU: "I have no reason to fear that Brussels will contest our request." So, as Salvini Gualtieri actually has a superior Argument on his side - the Rom the players can use to blackmail the other Euro-countries: Italy is too big to be a Bust.

here you can read more on the topic of:Yellow card for Italy: Why Rome can foul the EU, and still not

He flies with the EU and the colleagues from Germany and France, Finance Minister, Olaf Scholz, and Bruno Le Maire, in contact, explained the Minister. Specifically, a telephone conference was scheduled for the middle of the week, at the time of the next Meeting of Eurozone Finance Ministers on may 16. March in Brussels will be prepared. dpa A cleaning power cleans a car of a regional train to the railway station, Milano Porta Garibaldi

Up to the flow of funds, it is likely to be a long way off. Until then, the companies have to come up yourself with the Situation – including many German companies, both in Italy your seat. If the situation were to continue, the impact on the business, explained Jörg Buck, Executive Board of the German-Italian chamber of Commerce in Milan.

"The home office do, which is to manage,"

Buck advises the company, "to do this from the home office, which is to manage". In addition, he called for a "responsible" way of dealing with business travel. Video - or Telephone-the better Alternative to a visit in Italy are currently certainly.

read more on the topic: "We need urgent help" - Coronavirus in the district of Heinsberg: "the Situation is taking a dangerous dimension to"

Where Coronavirus occurs? Real-time map showing the spread of the disease, FOCUS Online/Wochit Where is Coronavirus? Real-time map showing the spread of the disease

pom/with Agency material
Date Of Update: 04 March 2020, 13:01
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