Lunedì, 22 Ottobre 2018

Credit to Italian households falls 5 bn euros


Venice, August 22 - Credit toward Italian
households shrank five billion euros from May 2012 to May 2013,
putting families at risk of exploitation, particularly in
southern Italy, a small business association revealed on
A study conducted by the CGIA of Mestre based on Bank of
Italy data found that 59% of the total, or nearly three billion
euros of the contraction, hit southern Italy, where Italy's most
notorious organized crime groups are based.
In Calabria, home to the infamous 'Ndrangheta mafia,
legitimate credit extended to households fell 4.3%, marking a
contraction of 374 million euros.
Loans fell 4.2% in Basilicata, and slipped 2.7% in Sicily
and Molise.
In Campania, where Naples and the Camorra mafia are
located, legitimate loans fell by 794 million euros, or 2.6%.
"In other words, against the credit contraction faced by
consumer families, especially felt in the south, there is the
danger that exploitation from loan sharks - already present in
these territories to a greater extent than in other places -
could assume alarming dimensions," warned Giuseppe Bortolussi,
secretary of the CGIA.

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