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Italy Seeks Economic Rebirth With EU Coronavirus Recovery Money

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ROME—When European Union nations agreed this summer to set up a 750 billion euro economic recovery fund in response to the coronavirus pandemic, a major motivation was to avoid a lasting depression in Italy that could tear apart the euro.

For Europe, much now hinges on whether Italy can find a useful way to spend its part of the fund: roughly €200 billion, equivalent to $236.95 billion, in EU grants and cheap loans. Astute investments that lift Italy’s ability to grow could help overcome the country’s quarter-century of stagnation….

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