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Parliamentary questions
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18 March 2020
Question for written answer
to the Commission
Rule 138
Eleonora Evi
 Answer in writing 
 Subject: Impact of coronavirus on workers and businesses

Following the proliferation of cases of coronavirus (Covid-19) in Italy, on Sunday 8 March Prime Minister Conte announced the government’s decision to extend restrictions on movement to the entire country.

The current health crisis is having repercussions on the international economic system and on the economy of Italy, the European country the most affected by the spread of Covid-19.

According to UNCTAD, the European Union is the economy that is the most adversely affected by the impact of coronavirus, with an estimated cost currently standing at USD 15.6 billion (1) .​

Confcommercio has estimated losses of EUR 5-7 billion in Italy if the crisis lasts until May, while the Governor of the Bank of Italy has estimated a 0.2 % reduction in GDP in the space of one year  (2) .

The coronavirus emergency has caused enormous damage to independent professionals, self-employed workers and small- and medium-sized enterprises (SMEs). The stricken provinces in Lombardy alone account for 12% of Italian GDP and 2% of euro zone GDP (3) .

In view of this:

1. How will the ‘Corona response investment fund’ announced by the Commission be able to provide immediate and substantial support for the independent professionals, self-employed workers and most seriously affected SMEs in Lombardy?

2. Will the Commission coordinate its action with the European Central Bank so that businesses can be funded through non-repayable grants?

Original language of question: IT
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