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Italy, France call for new EU stimulus scheme for COVID-hit sectors

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Italy and France want to see a new European stimulus tool to support sectors most hit by the coronavirus crisis, Italian Economy Minister Roberto Gualtieri said on Thursday at a news conference in Rome with French Finance Minister Bruno Le Maire.

Gualtieri also said it was necessary to strengthen economic stimulus policy on a global level and that the first G20 meeting under the Italian presidency on Feb 26-27 will focus on this issue.

Le Maire said he hoped for an agreement on reform of the European Stability Mechanism at the next Eurogroup meeting, defining a deal as “life insurance”.

Main Photo: Shop owners set up Christmas decorations during the second wave of the Covid-19 coronavirus pandemic, in Turin, Italy. EPA-EFE/ALESSANDRO DI MARCO

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