|
ROME, Aug. 7-- Italy's cabinet on Friday gave green light to a new decree containing new supportive measures worth 25 billion euros (29.4 billion U.S. dollars) to address the COVID-19 emergency and encourage economic recovery. The decision on the extra spending had been taken by Prime Minister Giuseppe Conte's cabinet in a previous meeting on July 23 and authorized by parliament on July 29. The fresh resources represented the third economic provision aimed at supporting the economy, which has been severely hit by the lockdown measures imposed to curb the coronavirus. A first 25-billion-euro decree had been passed in March, and a second worth 55 billion euros in May. | 
