‘Too timid’: Italy rejects EU economic proposal, says it doesn’t go far enough as coronavirus deaths surge past 8,000

Italian Prime Minister Giuseppe Conte

Italian Prime Minister Giuseppe Conte said the European Union proposal to mitigate the economic fallout of the Covid-19 outbreak was nowhere near enough, and that more was needed to help the country hardest-hit by the virus.

Conte’s office released a statement as the teleconference with EU leaders was still ongoing on Thursday, saying that Italy “does not accept” the proposed financial stimulus and that “innovative financial instruments” were needed.

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