BR100 Decreased By (-1.2%)
BR30 Decreased By (-1.31%)
KSE100 Decreased By (-0.95%)
KSE30 Decreased By (-0.95%)
AGHA 6.32 Decreased By ▼ -0.05 (-0.78%)
BECO 4.27 Decreased By ▼ -0.10 (-2.29%)
BML 62.45 Decreased By ▼ -0.19 (-0.3%)
BOP 31.23 Decreased By ▼ -0.39 (-1.23%)
CNERGY 11.59 Decreased By ▼ -0.18 (-1.53%)
CSIL 5.72 Decreased By ▼ -0.37 (-6.08%)
FCCL 61.54 Decreased By ▼ -0.55 (-0.89%)
FFL 15.02 Increased By ▲ 0.29 (1.97%)
FNEL 1.23 Increased By ▲ 0.03 (2.5%)
KEL 6.26 Increased By ▲ 0.10 (1.62%)
KOSM 5.56 Decreased By ▼ -0.12 (-2.11%)
LOTCHEM 24.68 Decreased By ▼ -0.37 (-1.48%)
MLCF 104.08 Decreased By ▼ -1.19 (-1.13%)
NBP 175.28 Decreased By ▼ -5.29 (-2.93%)
NCPL 52.77 Decreased By ▼ -0.56 (-1.05%)
NPL 54.12 Decreased By ▼ -0.67 (-1.22%)
OGDC 313.39 Decreased By ▼ -2.70 (-0.85%)
PACE 9.20 Decreased By ▼ -0.19 (-2.02%)
PAEL 35.80 Increased By ▲ 0.36 (1.02%)
PIBTL 13.47 Decreased By ▼ -0.32 (-2.32%)
PPL 221.81 Decreased By ▼ -3.54 (-1.57%)
PRL 79.08 Decreased By ▼ -1.31 (-1.63%)
PTC 46.85 Decreased By ▼ -1.17 (-2.44%)
SSGC 23.87 Decreased By ▼ -0.54 (-2.21%)
TBL 9.31 Decreased By ▼ -0.07 (-0.75%)
TELE 7.39 Decreased By ▼ -0.20 (-2.64%)
TPL 25.11 Decreased By ▼ -0.23 (-0.91%)
TPLP 12.51 Decreased By ▼ -0.59 (-4.5%)
TREET 26.25 Increased By ▲ 1.21 (4.83%)
TRG 53.44 Decreased By ▼ -1.39 (-2.54%)
World

Italy PM warns virus puts EU project at stake

An ill-tempered Eurogroup videoconference ended after 16 hours on Wednesday with the Netherlands demanding that nat
Published Updated
By
  • An ill-tempered Eurogroup videoconference ended after 16 hours on Wednesday with the Netherlands demanding that nations meet tough economic conditions to qualify for the aid.
  • Hard-hit Italy was the first European country to shut down almost all business activity on March 12 because of the virus.

ROME: Italian Prime Minister Giuseppe Conte warned Thursday that the European integration project was at risk if EU member states do not find an economic response to the coronavirus crisis.

"If we do not seize the opportunity to put new life into the European project, the risk of failure is real," Conte told the BBC as finance ministers bickered over over a common strategy in Brussels.

Italy and other southern European nations hardest-hit by the pandemic want Brussels to release generous financial aid to help idle businesses and the unemployed cope.

An ill-tempered Eurogroup videoconference ended after 16 hours on Wednesday with the Netherlands demanding that nations meet tough economic conditions to qualify for the aid.

Conte repeated his call for Europe to rise and meet its "biggest test since World War II".

Hard-hit Italy was the first European country to shut down almost all business activity on March 12 because of the virus.

The closures and accompanying containment measures have helped stem the spread of a disease that has officially claimed 17,669 lives across the country since February, the world's highest toll.

The Italian government is now weighing how and when to ease social distancing measures that have so far been extended until April 13.

Conte said he was still looking to the government's scientists for counsel about which businesses and factories might be safe to open first.

"We need to pick sectors that can restart their activity," said Conte.

"If scientists confirm it, we might begin to relax some measures already by the end of this month."

Italian media speculate that some of the strictest measures might be lifted in stages starting on April 26 and then again on May 3.

Comments

Comments are closed for this article.