‘There are 750 billion reasons why Europe is good for Italy’
Italy is already the primary beneficiary of the European response and will be even more so if we keep up the political pressure in the coming months. How much is already available to Italy as an emergency response to the crisis? From SURE 15-20 billion, from the EIB 35 billion, from the ESM 36 billion, as an ‘extra’ from the EU budget 2014-2020 another 6/7 billion. To which is now added Ursula Von der Leyen’s proposal, Next Generation, which envisages 80 billion in grants and 90 billion in loans, again for Italy. Total: 250-255 billion, about 15% of Italy’s GDP.