Executive summary
On 17 March 2020, Law Decree n. 18, dubbed “Heal Italy,” was published in the Italian Official Gazette and entered into force immediately (the Decree). The Decree introduces urgent economic measures to address the COVID-19 crisis with a budget of €25 billion as well as providing for stronger public guarantees for the bank system that, according to government forecasts, should result in an injection of new liquidity in the credit market for up to €340 billion. Additional mea…