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Corona in Italy: hit hard, but surprisingly optimistic


Italian companies are hoping for the EU bailout package. Company bosses and politicians want to prove that the billions in aid will not drain away this time.

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Protest against new lockdown in a textile shop in Naples (inscription: "Shame on you, you kill us more than Covid"):

Fears of a long, severe recession are returning

Photo: Giacomino / ROPI

Perhaps the most beautiful investment ruin in Italy is on the outskirts of Rome.

The roof of the »Città dello sport«, a masterpiece by the star architect Santiago Calatrava, rises like a white, airy sail.

It was originally supposed to cost 60 million euros, at some point it was around 240 million, then the project was stopped.

Work has been on hold for nine years.

Most recently, the shell served as a backdrop for the »Suburra« mafia series.

Roberto Romanella is the mayor of Roma VI district, and Calatrava's ruins are just one of the countless problems that plague him right now.

"We are the poorest neighborhood in Rome," says Romanella, "the social situation is dramatic." In recent months, he had food parcels distributed because people in his neighborhood are starving as a result of the pandemic.

Sometimes he wakes up at two o'clock in the morning because small fireworks can be heard.

"This is not a party," he explains - it is a signal from criminal clans to their customers.

"I then say to my wife: Another load of drugs has arrived."

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Source: spiegel

All business articles on 2020-11-22

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