Italy obtains Billions of Euro from European Union

In July, the European Union (EU) agreed to raise 750 billion euros ($850 billion) in public markets. The plan still has to overcome legislative steps before distributing the historic amount of money in 2021, but former Italian Prime Minister Enrico Letta told CNBC that he thinks “it is the last chance for Europe and mostly for Italy.” Italy has been criticized in recent years for not updating its labor market policies nor cutting red tape, among other reforms. Italy is

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