Loans to businesses and
households in Italy fell in December compared with the same time
one year earlier, the Bank of Italy said Monday.
Private-sector loans fell by 1.6% compared with December
2013 but levels were basically unchanged from November, it
added.
Loans to households fell by 0.5% year over year and loans
to non-financial businesses dropped by 2.3% compared with
December 2013, the central bank reported.
Businesses have struggled to stay afloat amid an economic
crisis and recession that date back to 2008.
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