Italy announces guarantees for bank loans worth over 400 billion euros

ROME (Reuters) - Italy's government approved on Monday a new emergency decree that will offer more than 400 billion euros (352 billion pounds) worth of liquidity and bank loans to companies hit by the coronavirus crisis.The legislation, combined with a previous stimulus package unveiled in March, would allow banks to offer credit totalling more than 750 billion euros to try to stave off the collapse of the euro zone's third largest economy."This is real firepower. I cannot remember such powerful..