Dealing with the extensive loan guarantees Italy provided to help businesses through the COVID-19 pandemic and energy crisis is proving complex, hampering efforts to fix some companies' debt problems, restructuring experts said. Under successive emergency measures since 2020, Italy has extended guarantees on 189 billion euros ($205 billion) of bank loans. Economy Minister Giancarlo Giorgetti on Wednesday said it was time to gradually return to normality after what he called a massive state intervention, adding that the significant sums set aside to cover future guarantee payments appeared adequate.
Italy s State-Backed Loans Pose Restructuring Headache usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Former Gucci executive Marco
Bizzarri has set up a new investment company after recently
leaving the Kering-owned brand, documents seen by
Reuters on Tuesday showed. After taking the.
Former Gucci CEO Bizzarri Sets up Investment Company usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Intesa Sanpaolo has booked an impairment on its joint venture with Sweden s Intrum, Europe s biggest debt collector, in a move that highlights the challenges facing the bad loan recovery industry..