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Italy's state-backed loans pose restructuring headache

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 stat...
Alexandre Perrucci Intesa Sanpaolo Kirsten Donovan Valentina Za Pietro Braicovich Giuseppe Fonte
Source: yahoo.com

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