Fabio Panetta, a member of the
Executive Board of the European Central Bank, said Monday that
the money Italy will get from the EU Recovery Fund can generate
"enormous possible gains of up to 3.5% of GDP if invested well".
"2020 has been an unprecedented year with an unprecedented
contraction of the economy," Panetta told the Rome Investment
Forum.
"Today we see light at the end of the tunnel although great
uncertainty and vulnerability remain for firms and families in
2021.
"We could emerge (from the emergency) with more dynamic
economies".
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