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Italy Has a $127 Billion Debt Problem It Can’t Easily Resolve
(Bloomberg) — Although substantially of Europe Inc. is shrinking condition-backed financial loans from the pandemic, Italian corporations are nevertheless sitting on mountains of these kinds of borrowings, complicating authorities efforts to assist them surmount the newest disaster: soaring electricity costs. Most Examine from Bloomberg Italian firms had a file €123.2 billion ($127 billion) of Covid-era condition-backed credit score traces excellent as of June 30, up from €118 billion in the past quarter, according to a European Banking Authority report published last thirty day period. The region has the most governing administration-assured personal debt yet to be repaid in the euro zone, even though it’s not the region’s biggest financial state.…
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Italy – Factors to watch on Dec. 6
The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on . Register now for FREE unlimited access to reuters.com Register GENERAL Italy reported 43 coronavirus-related deaths on Sunday compared to 75 the day before, the health ministry said, while the daily tally of new reported infections fell to 15,021 from 16,632. read more ECONOMY Fitch upgraded Italy’s rating to “BBB” from “BBB-” on Friday, as it expects the country’s economy to grow after reopening from the COVID-19-led pandemic lockdowns. read…