Lombardy Reports Acceleration In New Cases, Chilling Italy's Hopes For Outbreak 'Peak'

Authorities in Lombardy were all too eager to play up what appeared to be a drop in new cases earlier in the week.

But as it turns out, claims that the outbreak might finally be waning in Italy's worst-hit region - claims that helped prop up stocks not only in Italy, but around the world this past week - might have been a little premature.

According to preliminary reports, the Lombardy region reported 2,500 new cases in the last day on Thursday, the biggest jump in nearly a week.

Of course, health officials in the north might be embellishing their numbers as the Italian government does everything it can to convince the EU to issue 'coronabonds' to help ameliorate the financial strain on EU member states like Italy, Spain and France that have been badly hurt by the outbreak.

Governor Attilio Fontana said in a press conference on Facebook, "I’m concerned but we need to understand if that’s an inversion trend or just a case.”

So far, roughly 16 million people are quarantined across the region.

You can read this article as it originally appears at Zero Hedge here.

America is entering permanent martial law, warns legal scholar and attorney Robert Barnes.

(PHOTO: Emanuele Cremaschi/Getty Images)

Author image

About Zero Hedge

This article originally appeared at Zero Hedge.