Italy's foreign undersecretary Marina Sereni lauded the European Commission's "ambitious" proposal for a 750 billion euro fund on Wednesday, saying it was "equal to the challenge" of helping EU economies recover from the ravages of the Covid-19 pandemic.
"An ambitious proposal that Italy has fought for. Over 750 billion euros, or which 500 billion euros will be in loans - a sum that is equal to the challenge," Sereni tweeted.
The European Union executive's proposed 750 billion euro Recovery Fund has been praised by Italy's premier Giuseppe Conte, by EU economy commissioner Paolo Gentiloni and by European affairs minister Vincenzo Amendola.
Coronavirus-hit Italy, which before the pandemic already had the eurozone's highest public debt to GDP ratios after Greece, stands to receive over 170 billion euros from the Recovery Fund, government sources told Adnkronos.
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