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Repayment of debt to firms 'first pledge' says Renzi

Govt investment fund CDP to be used 'differently'

24 February, 15:01
Repayment of debt to firms 'first pledge' says Renzi (ANSA) - Rome, February 24 - Repaying all government debt to firms to help revive the economy is "the first pledge" of his new administration, Premier Matteo Renzi said Monday in a speech seeking the confidence of the Senate. Renzi said the government investment and loan fund, the Cassa Depositi e Prestiti (CDP), would be used "differently" in order to achieve this.

Businesses mired in Italy's worst postwar recession, only now coming to an end, have been complaining for years about the sluggishness of the public administration in paying them back.

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