Brussels frees up 12 billion euros for Italy

IMG title=”” alt=”” src=”” IMG class=hide alt=”Brussels frees up 12 billion euros for Italy” src=”” (ANSA) – Brussels, March 10 – The European Union announced Monday that 12 billion euros have been freed up for Italy through renegotiation of a 2007-2013 regional budget program between the EU and Italy. Italy was originally expected to co-finance fully 50% but in a statement, EU Commissioner of Regional Policy Johannes Hahn said it has lowered the rate to 25%. PTo date, Italy has used only about 54% of available funds, meaning about 12 billion euros could still be accessed so long as it finances its 25% share of eligible projects./PIMG id=mediaViewer title=”” alt=”” src=””ALL RIGHTS RESERVED

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