The Italian government wants to use the so-called SURE instrument of the EU, which was created to finance short-time working schemes of Member States. Italy has submitted a request for a loan of 28.5 billion euros, the ministers of Economy and Labor announced on Saturday.
According to Economy Minister Roberto Gualtieri and Labor Minister Nunzia Catalfo, the corona measures have had a significant impact on the Italian economy and the social system, making a loan necessary. The government itself has set aside about € 12.5 billion to maintain employment.
The EU plans to borrow from September to finance the SURE instrument. Ultimately, EUR 100 billion must be made available in the form of favorable loans to member states.