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Dragi of Italy presents a plan to recover from the “epochal” virus

ROME (AP) – Italian Prime Minister Mario Draghi on Monday unveiled a € 222.1 billion ($ 268.6 billion) coronavirus recovery plan in parliament, aimed not only at retreating from the epidemic but also at carrying out “epochal” reforms to address structural issues.

Italy has the largest share in the € 750 billion ($ 907 billion) recovery bank, with a € 191.5 billion ($ 231.6 billion) six-year plan funded by the EU. The former head of the European Central Bank, Draghi, has been appointed to the post of Prime Minister to ensure that money is not wasted, as Italy has long had the worst record for the use of funds in the EU.

The program makes a significant contribution to the Italian economy և modernization of bureaucracy և digitalization կայուն to promote sustainable environmental development. Both focus on the most important tourism industry, with the Colosseum and the Amalfi Coast, which account for 13% of Italy’s gross domestic product, devastated by epidemic closures.

Women և youth employment options are considered a priority, given that youth unemployment exceeds 30%,, Italy has long been employed within the EU in terms of the percentage of women in the workforce. More than half of the 456,000 jobs lost in Italy last year fell to women.

Here’s a look at some of Italy’s plans announced on the same day that most of the country began to break free from its latest coronavirus blockade by reopening museums, restaurants and bars.

Digital transformation և employment

About 27% of the plan is aimed at the digital transformation of the Italian economy և public administration, especially the expansion of high-speed Internet access in schools և to provide digital incentives to the private sector.

Some € 22.4 billion ($ 27 billion) is invested in “social inclusion”, women’s education, employment promotion programs, and helping cities improve the accessibility and opportunities for people with disabilities. The goal of both, combined with day care points, is to remove the barriers that have traditionally kept Italian women at home caring for the young, the elderly, the sick, and the disabled.

The draft envisages that the Italian economy, which shrank by 8.8% last year, will grow by 3.6 percentage points in 2026 within the base forecast, and employment will grow by 3.2 percentage points.

SUSTAINABLE DEVELOPMENT

The EU has demanded that at least 37% of its funding go to climate investment, with the bloc aiming to reduce greenhouse gas emissions by 55% by 2030 and carbon neutrality by 2050.

Italy’s program allocates 40% or 68.6 billion euros ($ 82.9 billion) to green investments և initiatives. Promotion of recycling, equipping of public transport systems for low-emission vehicles, և Reduction of water waste through improvement of water mains.

The Calls project envisages € 31.4 billion ($ 37.9 billion) in improving transport infrastructure and expanding high-speed rail lines along the peninsula, especially in the unserved south.

EDUCATION AND RESEARCH

Among other things, the program aims to create more than 152,000 day care centers for newborns նախ 76,000 preschool children, addressing structural deficiencies that have long pushed parents from having children and women working.

Other areas for investing € 31.9 billion ($ 38.5 billion) in education and research include the distribution of dilapidated school buildings, making them more stringent, and redesigning the higher education curriculum to encourage more students to pursue higher education.

Italy has long been worried about brain drain. His brightest students pursue advanced degrees abroad, work, and never return.

HEALTH

The structural weakness of the Italian national health system was fully demonstrated during the epidemic, when hospitals in northern Lombardy were overcrowded, and general practitioners were largely left to care for the sick as Italy became the epicenter of an outbreak in Europe.

The € 18.5 billion ($ 22.3 billion) investment in healthcare aims to strengthen in particular local medicine and preventive care by strengthening home care and telemedicine. Improving the digital infrastructure aims to improve data analysis.

IMPROVEMENTS

Italy’s lethargic justice system և heavy bureaucracy has long been accused of encouraging foreign investment, as litigation, criminal proceedings can take years, and obtaining permits for anything can take just as long.

The reform of the justice system aims to reduce the balance of court cases by temporary leasing, while at the same time reviewing norms and procedures to encourage more mediation.

Other reforms are aimed at modernizing Italy’s old-fashioned government with the aim of increasing turnover to hire more young people, digitizing systems, simplifying permit procedures, and promoting competition, particularly in public services and utilities.

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