Signs of a new crisis for Italian companies due to a huge mountain of debt

The signs of a new crisis have begun to appear for Italian companies which find themselves under a huge mountain of public debt that was granted to them during the Corona pandemic.

This debt complicates the government’s efforts to help companies weather the recent crisis Namely, high energy costs.

And while many European companies have started to reduce the loans granted to them during the pandemic, Italian companies hold a record number of state credit lines, as at the end of June, worth 123 billion euros.

Italy has the largest government-guaranteed debt in the eurozone, which has yet to be repaid.

Many Italian companies find it difficult to replace or repay loans, with high interest rates and slow growth, and some have not met the conditions associated with these loans.

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