Martedì, 23 Ottobre 2018

Italy risks third credit crunch in six years, say employers


Rome, March 8 - Italian industrial employers
association Confindustria on Friday warned that the eurozone's
third-largest economy risks being embroiled in a credit crunch
for the third time in six years.
''Italy is yet again in full credit emergency'',
Confindustria's research unit said in a report.
''The risk is that Italy will suffer a third credit crunch
after those of 2007-2009 and 2011-2012.
''Banks are becoming increasingly selective, loan levels
are falling, and the interest rates applied are increasing'',
Confindustria said.

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