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Italy has approved an aid package worth several billion euros to further cut taxes and finance the purchase of gas as the government tries to shield its economy from a spike in energy prices.
The package approved by the cabinet Thursday includes measures to support long-term contracts for gas imports, a tax cut on energy bills and a 4 billion euro loan to the energy market operator.
He told reporters that gas storages are a concern. He said that the progress in filling storages was good. By the end of November, we are confident that we will reach our goal, according to the president.
The value of the aid package was not given by the president. People familiar with the matter said before the cabinet met that the measures were worth as much as 8 billion euro.
Italy is going to give up to 8 billion euro in new energy relief.
The cabinet meeting took place as coalition tensions rose with the opposition from the Five Star Movement.
He left the NATO summit in Madrid to chair the cabinet meeting. After Foreign Minister Luigi Di Maio left it to create a new political group, Five Star is struggling to stay alive.
President Mattarella has been updated on the coalition tensions by the two men. Italian presidents are involved in political turmoil as they are able to call for a general election.
The League has already criticized some of the reforms. Matteo Salvini's party may need to dig in harder against Draghi in order to rebuild support.
The assistance was given by Antonio Vanuzzo and the other person.
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