Italy Econ Min: Government Stimulus Package Fully Financed
ROME -(Dow Jones)- Italian Economy Minister Giulio Tremonti said Tuesday that the government's latest economic stimulus package, aimed at boosting investment and confidence in Italian businesses, is fully financed.
The government hasn't yet confirmed how much the stimulus is worth, but a person familiar with the situation told Dow Jones Newswires Friday that the package is worth about EUR4.5 billion.
Speaking at a press conference in Rome, Giulio Tremonti also said Italian companies and families will save EUR2 billion from lower bank fees.
The stimulus package includes tax breaks for companies and other measures.
-By Luca Di Leo and Sofia Celeste, Dow Jones Newswires; +39-06-69766920; sofia.celeste@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=vtgt79XbJ%2FTpTPxxSJGGtQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
June 30, 2009 11:30 ET (15:30 GMT)
Copyright 2009 Dow Jones & Company, Inc.
ROME -(Dow Jones)- Italian Economy Minister Giulio Tremonti said Tuesday that the government's latest economic stimulus package, aimed at boosting investment and confidence in Italian businesses, is fully financed.
The government hasn't yet confirmed how much the stimulus is worth, but a person familiar with the situation told Dow Jones Newswires Friday that the package is worth about EUR4.5 billion.
Speaking at a press conference in Rome, Giulio Tremonti also said Italian companies and families will save EUR2 billion from lower bank fees.
The stimulus package includes tax breaks for companies and other measures.
Web site: www.governo.it
-By Luca Di Leo and Sofia Celeste, Dow Jones Newswires; +39-06-69766920; sofia.celeste@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=vtgt79XbJ%2FTpTPxxSJGGtQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
June 30, 2009 11:30 ET (15:30 GMT)
Copyright 2009 Dow Jones & Company, Inc.
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