Italy ponders ways to break crippling virus lockdown

Image
AFP Rome
Last Updated : Apr 07 2020 | 7:12 PM IST

Italian Prime Minister Giuseppe Conte will consult scientists Tuesday about ways to safely end a month-long lockdown aimed at stemming a pandemic that has killed thousands and left millions unemployed.

Conte's videoconference with the government's scientific committee comes one week before Italy's economically-crippling closure of most businesses and factories is set to expire.

Few expect it will.

The shutdown and an accompanying ban on almost all outdoor activity has helped slow the spread of a novel coronavirus that has officially claimed a world-topping 16,523 lives.

The daily reported toll reached 969 on March 27 and has since levelled off. But health officials warn that the outbreak appears to have peaked only because of the various closures and bans.

They insist on keeping the containment rules in place as long as possible -- perhaps until a vaccine is developed or some reliable tests can show who has immunity against the new disease.

Italian businesses counter that they cannot afford to stand idle much longer.

A study released Tuesday by the Confcooperative small business lobby said the economy was being subjected to an "epochal shock" that would take at least two years to overcome.

It estimated that more than half of Italy's 1.3 million construction workers and over a third of the 11.4 million services sector employees were now furloughed.

Conte has tried to help out both families and businesses by putting the Italian government into staggering debt.

He unleashed a 25-billion-euro ($27 billion) emergency support programme that included about 340 billion euros in government-backed loans for small businesses.

Conte promised to inject another 400 billion euros in a second stimulus plan unveiled Monday night.

Italy's health "emergency is also an economic and social one," Conte said in a nationally televised address.

His video conference with the scientists is officially focused on "Phase Two" -- the formal name for the idea of taking incremental steps in easing restrictions. The scientists are expected to issue recommendations about which factories might be allowed to resume safe operations on April 14.

A five-point planned leaked to Italian media on Sunday included plans to instruct everyone to wear face masks in public and to self-isolate immediately in case of flu-like symptoms.

Other proposals included tracking infected people with phone apps and building more coronavirus-specific hospitals.

But small businesses such as restaurants and cafes are not expected to be allowed to resume operations for many more months.

"Even when the new coronavirus cases fall to zero, life will not be the way it was for a long time," Italy's ISS public health institute director Silvio Brusaferro warned over the weekend.

Media reports suggest that bars and nightclubs will be the very last to open nationally.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 07 2020 | 7:12 PM IST

Next Story