Giovedì, 18 Ottobre 2018
ROME

Small and medium-sized firms' profits hit hard says ECB

English
© ANSA

Rome, April 26 - Profits of small and medium-sized
enterprises (SMEs) in Italy and Spain have been hit hard by the
credit crunch, the European Central Bank (ECB) said Friday.
The two countries' SMEs saw their profits plunge more than
any eurozone member between October 2012 and March 2013, it
said.
Italian banks are lending less than others in the bloc,
worsening Italy's recession, it said.

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