Economics
Draghi Is Rushing Through Plans to Borrow Up to $48 Billion More
- Governing coalition members, protesters push for more spending
- Country has spent over 130 billion euros on support so far
Closed stores in Milan, Italy, where the government has spent over 130 billion euros to support the economy during the pandemic.
Photographer: Miguel Medina/AFP/Getty Images
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Italian Prime Minister Mario Draghi is bringing forward plans for as much as 40 billion euros ($48 billion) in new borrowing as the cost of keeping the economy afloat drains the state’s coffers and street protests heap pressure on the government, according to two people familiar with the matter.