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Italy unveils 25 billion euros for Wuhan coronavirus rescue plan, 827 dead

Christian Fernsby |
Italy vowed today to spend up to 25 billion euros ($28 billion) to fight Wuhan coronavirus epidemic that has already killed 827 people.

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"It shows that Italy alone is supposed to make as much effort as the EU as a whole," Allianz chief economist Ludovic Subran said.

Italy's Economy Minister Roberto Gualtieri said half the money would be used immediately and the other half stowed away and tapped should the health crisis spiral out of control.

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