The Italian government is considering allocating 3.8 billion euros to help support families and businesses through the banking system as a result of the coronavirus emergency, in a draft text of its coronavirus bill.
The text includes one billion euros to strengthen the SME Guarantee Fund, between 1.35 and two billion euros for a state guarantee on the moratorium on mortgages and loans, and an incentive for the sale of non-performing loans through the conversion of deferred tax assets for 850 million euros.
There is also a proposal for a reduction in utility bills for all of 2020.
Via SkyNews Italia
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