Italy set to extend furlough support in new stimulus package

Italy is set to approve on Friday a new stimulus package aimed at helping business and families survive the coronavirus crisis, while Rome waits to receive funds from the European Union's Recovery Fund.Italy hopes to front-load this year part of 209 billion euros in grants and cheap loans it should receive from the Recovery Fund starting in 2021.Its economy has been among the worst hit by the crisis, facing 11.2% contraction this year, according to European Commission estimates, the sharpest fal