Italy Orders Closure of All Shops Except Groceries, Pharmacies

The video discusses the economic measures in Italy to curb the virus spread, including closing non-essential businesses and encouraging remote work. It also covers global stimulus efforts, with a focus on the European Central Bank's monetary policy and the need for fiscal action from European leaders to address the economic shock caused by the pandemic.

What types of businesses are allowed to remain open in Italy during the measures to curb the virus spread?

• All retail stores

• Only essential services like groceries and pharmacies

• Restaurants and cafes

• All businesses with fewer than 10 employees

What is the European Central Bank (ECB) expected to do in response to the economic challenges?

• Increase interest rates

• Implement new monetary policies

• Close all banks temporarily

• Focus solely on fiscal measures

Who is calling for European leaders to take fiscal action?

• The Federal Reserve

• The Bank of England

• The World Health Organization

• Christine Lagarde

Why are central banks considered to be 'stretched' according to the transcript?

• They have too much money to manage

• Interest rates are already very low

• They are focusing on non-essential services

• They are not involved in economic measures

What must fiscal authorities do to support the economic measures?

• Reduce taxes for all businesses

• Step up with additional stimulus

• Focus on increasing exports

• Limit government spending