Italy to scale back state guarantees, focus on key infrastructure ...Middle East

A worker is seen on a scaffolding of a building, in Rome, December 6, 2021. Picture taken December 6, 2021. REUTERS/Yara Nardi/File Photo Acquire Licensing Rights ROME, Oct 3 (Reuters) – Italy intends to scale back its current set of state guarantees and create a new scheme to boost private investment in strategic infrastructure, Economy Minister Giancarlo Giorgetti said on Tuesday. The move is part of Rome’s efforts to phase out the expansionary policies adopted since 2020 in the wake of the COVID-19 pandemic and the energy crisis exacerbated by Moscow’s invasion of Ukraine. As of Dec. 31, 2022, state guarantees amounted to 15.8% of Italy’s gross domestic product (GDP), Treasury d

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