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Late Friday, Italian Prime Minister (PM) Giuseppe Conte spoke to media and put rest to the recent chatter about the lockdown extension, as the coronavirus risks show no signs of abating.

PM Conte announced that the nationwide lockdown will be extended to May 3.

Additional comments

Containment measures working.

Opening up to early is risky.

Extension also valid for businesses.

A few sectors will be allowed to reopen earlier.

Italy to set up expert task force on restarting economy can risk allowing contagion curve to reverse.

Europe needs EU1.5 trillion for recovery.

Eurogroup results not enough, Europe needs euro bonds

EU recovery fund needs to start immediately

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