Italy's economic recovery risks
being held back unless businesses' access to credit improves,
the research centre of industrial employers' confederation
Confindustria said Thursday. "There has been a slow improvement
in the economy for two years along with a strong contraction in
credit to companies," read a Confindustria report ahead of the
ECOFIN meeting in Malta. "The question is how long it can last".
The report bemoaned a 2.2% fall in bank loans to businesses in
2016, while business loans granted by Italy's four biggest banks
dropped 0.8%.
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