Brussels frees up 12 billion euros for Italy

IMG title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-bb48e1c87b1ee2d89b1d746d87d31bd4.jpg” IMG class=hide alt=”Brussels frees up 12 billion euros for Italy” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-bb48e1c87b1ee2d89b1d746d87d31bd4.jpg” (ANSA) – Brussels, March 10 – The European Union announced Monday that 12 billion euros have been freed up for Italy through renegotiation of a 2007-2013 regional budget program between the EU and Italy. Italy was originally expected to co-finance fully 50% but in a statement, EU Commissioner of Regional Policy Johannes Hahn said it has lowered the rate to 25%. PTo date, Italy has used only about 54% of available funds, meaning about 12 billion euros could still be accessed so long as it finances its 25% share of eligible projects./PIMG id=mediaViewer title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-trasp90.gif”ALL RIGHTS RESERVED