Italian Prime Minister Giuseppe Conte promised “massive shock therapy” to overcome the impact of the coronavirus outbreak. The country announced on Sunday massive lockdown across much of its north, including the financial capital Milan. He told La Repubblica, “we will not stop here. We will use a massive shock therapy. To come out of this emergency we will use all human and economic resources.
Conte will meet representatives of opposition to discuss new economic measures. the coalition government is also studying various initiatives. Meanwhile, he also called for EU to loosen borrowing limit to allow room for more fiscal measures. He said, “Europe cannot think of confronting an extraordinary situation with ordinary measures.”
