Italy’s south is on track for a "demographic tsunami" if it fails to capitalise on European Union pandemic recovery funds to bridge the gap with the productive north, statistics bureau ISTAT said on Wednesday. Italy – the biggest recipient of the EU’s fund – aims to use a large chunk of the roughly 200 billion euros ($217.56 billion) it is due for projects connected to social and territorial cohesion, including closing its deep-rooted north-south divide.
