by In Trieste
Italy’s parliament has approved the government’s €222 billion European Union-funded recovery plan by a huge majority after the package was presented to the chamber of deputies and the senate this week by Italian premier Mario Draghi.
The National Plan of Recovery and Resilience (PNRR), funded largely by the EU, will see most of the money go towards improving Italy’s infrastructure as well as boosting environmentally-sustainable development and digital innovation.
Describing it as “an investment in the future and in the new generations,” Draghi said the five-year plan would decide the fate and credibility of the country, and pave the way for otherwise “impossible, unthinkable” investments.
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