Mercoledì, 26 Settembre 2018

Crisis could kill 250,000 businesses, says Confcommercio


Rome, April 18 - Almost four in 10 Italian families
fear they won't have the money to pay their mortgage while at
the same time, 250,000 companies are at risk of shutting their
Such are some of the results of the ongoing economic crisis
in Europe that has hit recession-plagued Italy very hard, Carlo
Sangalli, president of Confcommercio, said Thursday.
His group released the results of a survey taken on some of
the impacts of the crisis, and called on government to do more
to support families and businesses.
"This long crisis is deleting the most vital part of the
country," which is its entrepreneurs, said Sangalli, whose group
represents Italian business.
Up to 250,000 operations could be forced to close this year
and many more are losing hope, said Sangalli.
Making matters worse, 11 million Italian households have
been forced to slash spending and are frightened they won't be
able to pay Italy's rising taxes.
They're especially worried about a hike in the VAT
scheduled for July, and are tightening their spending
accordingly, he said.

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