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Italy to receive first 21 billion euros from EU Covid-19 fund – Von der Leyen – Metro US

Italy to receive first 21 billion euros from EU Covid-19 fund – Von der Leyen

Illustration shows the flag of Italy reflected in a drop
Illustration shows the flag of Italy reflected in a drop from a syringe needle

PARIS (Reuters) – Italy will receive a first payment of 21 billion euros ($23.53 billion) from the “Next Generation EU” fund to help states compensate the impact of the COVID-19 pandemic, EU Commission head Ursula von der Leyen said on Monday.

($1 = 0.8926 euros)

(Reporting by Tassilo Hummel, editing by Foo Yun Chee)