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Italy grapples with the reality of COVID-19 lockdown

London | The Italian government has moved swiftly into its total coronavirus lockdown, setting up checkpoints and ordering tourists to leave, while scrambling for ways to ease the pain of the extraordinary 3½-week quarantine.

The government late on Tuesday (AEDT) announced that borrowers' mortgage repayments would be suspended, and the European Union wheeled out a €25 billion ($43 billion) investment fund to prop up the Continent's virus-whacked economies.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/link/follow-20180101-p548t3