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Bloomberg
Italy’s government is readying as much as 4 billion euros ($4.5 billion) to offer immediate help to consumers hit by energy prices, while it works on a wide range of longer term measures, people familiar with the matter said.
The aid won’t require parliament to authorize fresh debt, and can rely instead on other revenue streams such as carbon emission rights, the people said, asking not to be named discussing confidential plans. Details of the package still under review and might delay its approval until after Italy’s parliament starts voting on a new president on January 24, according to the people.
The measures would come on top of around 1.5 billion euros of relief for industries hit by the latest pandemic restrictions, such as tourism, which may be approved as early as this week.