Sections

Guarantees for all firms up to 90%

Govt decree to contain 90% guarantees on 200 bn euros of loans

Redazione Ansa

(ANSA) - Rome, April 6 - The government's new liquidity decree will contain 90% guarantees for all firms without turnover limits, "mobilizing some 200 billion in loans," economy ministry sources said Monday.
    Overall, the sources said, the decree will mobilise "over 400 billion euros more with respect to the 350 billion foreseen by the 'Cure Italy' decree".
    This will mean a total of 750 billion euros will be injected into the economy, they said.
    The decree was initially expected to provide 100% guarantees but only for loans up to 25,000 euros.
    The decree also boost the role of foreign investment agency SACE in promoting the internationalization of Italian firms, the sources said.
   

Leggi l'articolo completo su ANSA.it