Italy has reached a deal with the European Commission over its Recovery Plan, Prime Minister Mario Draghi told the cabinet late on Saturday, after days of intense talks, paving the way for it to be submitted to Brussels by the end of April. Italy plans to spend more than 220 billion euros ($266 billion) from European Union and national funds to revive its coronavirus-battered economy, a document seen by Reuters showed.

Economy Minister Daniele Franco unveiled the plan's details to the cabinet late on Saturday, after it was delayed for 12 hours to allow negotiations to proceed with Brussels. Draghi's spokesperson said he told his ministers that he got the green light from the Commission by intervening directly in the talks, even though there were still some "marginal adjustments" to iron out.