-
Gualtieri Says Italy Will Tap Euro-Area Bailout Fund If Needed
Italian Finance Minister Roberto Gualtieri left open the possibility that his country will use European Stability Mechanism funds if needed to help the economy weather the fallout from the coronavirus pandemic. Italy will “fully analyze” its situation and “if needed will make use of this tool,” he told Bloomberg’s Francine Lacqua in an online forum Wednesday. He added “there is no stigma” in markets about using the credit line. The government has for now said it won’t tap the 36 billion euros ($41 billion) it’s eligible for under the special ESM pandemic program, which come with almost no ... (full story)