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Crisis has cost 300,000 jobs in Italy since 2010

Companies hurt by expensive loans, says report

21 November, 18:13
Crisis has cost 300,000 jobs in Italy since 2010 (ANSA) - Rome, November 21 - Since 2010, as many as 450,000 companies have closed in Italy, erasing about 300,000 jobs, business association Confesercenti claimed Wednesday.

It released its findings in a report that claimed as many as 600,000 individuals in Italy are also struggling under "usurious" loan conditions that threaten to bankrupt them.

And high debt levels continue to threaten at least two million Italian citizens, says the report, released by the head of Confesercenti, Marco Venturi.

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