Is cancelling debt the right thing to do? worldfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldfinance.com Daily Mail and Mail on Sunday newspapers.
Last year, Italy launched an unprecedented plan allowing homeowners to finance 110% of energy efficiency renovation works through tax deductions. Almost one year on, the widely celebrated scheme is hitting snags related to mounting costs and bureaucracy.
The European Union has promoted building renovation as a way for EU countries to kick-start their economies after the pandemic while taking action to fight climate change.
Building renovation programmes are now being promoted at the EU level as part of national plans that EU countries are submitting to the European Commission in order to tap into the bloc’s €750 billion recovery fund.
“What we need is an economic growth which is sustainable for our planet,” said Riccardo Fraccaro, the Italian lawmaker and minister who promoted the scheme under Giuseppe Conte’s first government.
M5S, vertice a Roma Ci sono anche Grillo e Conte yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
| UPDATED: 15:14, Tue, Feb 23, 2021
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Italy was the first European country to be hit by the COVID-19 pandemic last year, and the following national shutdown crippled its economy. Rome called on the EU for assistance, particularly as personal protective equipment (PPE) supplies ran dangerously low, but the bloc was slow to respond at a time when Italy was in desperate need. Instead, it was Beijing who answered Italy’s pleas and shipped 30 tonnes of medical equipment over to help fight the virus while the cou