Italian Premier Mario Draghi presented a 222.1 billion euro ($268.6 billion) coronavirus recovery plan to Parliament on Monday, aiming to not only help Italy bounce back from the pandemic but enact "epochal" reforms to address structural problems that long predated COVID-19.

Italy has the biggest share of the EU's 750 billion euro ($907 billion) recovery pot, with 191.5 billion euros ($231.6 billion) of its six-year plan financed by EU funds. Draghi, the former European Central Bank chief, was put in the premier's office specifically to make sure the money isn't wasted since Italy has long had one of the worst records in the EU of making use of available funds.