SMEs in Italy, no longer welcome customers for the banks
Business

SMEs in Italy, no longer welcome customers for the banks

Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus’s last-ditch bailout this week. Defaults by small and medium-sized enterprises (SMEs), easily the biggest employers in Spain and Italy, are rising at a worrying clip, spelling trouble for the banks and two countries at the heart of Europe’s … Continue reading

Slow State Payments, a Serious Issue for Italian Firms
Economy

Slow State Payments, a Serious Issue for Italian Firms

(WSJ – M.Mesco) Italy‘s departing government said Thursday that the state would pay €40 billion ($51.7 billion) in arrears owed to private-sector suppliers after the European Commission allowed Rome to relax its budget-deficit targets. While the move will push Italy’s budget deficit wider, it could offer breathing room to Italian companies that are struggling with … Continue reading