The new round of measures introduced by Italy at this time is mainly aimed at providing employment security for those affected by the epidemic and at the same time compensating these enterprises.

So the new round of measures allocated by the Italian government is mainly aimed at two aspects, one is to ensure the employment of social workers, and the other is to help enterprises, so the guaranteed employment accounts for 12 billion euros. The main measure is to exempt enterprises that employ employees for a long time, so as to reduce the cost of enterprises. If this enterprise is willing to hire employees for a long time without layoffs and job cancellation, then they can be exempted from paying some taxes and fees. At the same time, it will reduce the employment cost of southern enterprises by 11%, which is because the economy of the south is more backward than that of Italy as a whole, so it is obviously unrealistic for enterprises to hire employees for a long time in this shock. It is better to directly reduce their employment costs and reduce their economic burden in this way. At the same time, southern enterprises can continue to extend the shutdown subsidy for 18 weeks, which is equivalent to those shutdown enterprises affected by the epidemic can receive government subsidies within 18 weeks.

As for enterprise assistance, in this operation, enterprises whose turnover has decreased by more than 1/3 can extend the payment of various taxes and fees. How much these periods will be extended depends on the announcement issued by Italy. For those industries that have been hit hardest by this epidemic, such as tourism and catering, due to the fact that borders of various countries have been closed during the epidemic, in order to isolate many restaurants, like these industries that have suffered the most, the government will directly pay taxes to enterprises and restaurants.

and these are either less tax collection or direct payment, which directly reduce the government's fiscal revenue and then increase fiscal expenditure. At present, Italy has invested 25 billion euros in this large-scale financial measure, which is the third round of efforts made by the Italian government specifically for the economy and society of the COVID-19 epidemic. There have been two rounds of large-scale financial measures before, and this time Italy has invested 111 billion euros to restore the economy and help enterprises support those vulnerable groups.