Italian companies ask for $20 billion in state-guaranteed loans: credit agency

Last month the Italian government approved a package of emergency measures offering liquidity and bank loans to companies hit by the health emergency.

One of the measures allows medium-sized and large companies to ask SACE to guarantee new bank loans, provided the firms refrain from approving dividend payments for a year. The credit agency said that banks had received 250 requests for state-guaranteed loans so far. It pledged to act quickly to ensure fresh funds were available for cash-starved companies, adding that once it received a request from a bank it could issue the guarantees within 48 hours.The motorway and airport units of infrastructure group Atlantia (

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The EU has given hundreds of billions to Italian banks who have lent it to Italian companies who have staffed it up the wall. Will this merely delay the inevitable Italian collapse and leaving of the Eurozone. The Italian economy cannot survive let alone thrive in the Euro.

Ask the Germans for the money ..

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House coronavirus oversight panel asks five companies to return loans meant for small businessesThe House Oversight Committee's new select coronavirus oversight panel sent letters to five different companies on Friday asking them to return loans they received from the Paycheck Protection Program set up during the pandemic to aid struggling small businesses.
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Watchdog warns SBA that loan limits will hurt small business borrowersThe government watchdog responsible for policing the Small Business Administration warned in a report Friday that the agency's restrictions on emergency small business loans may hurt tens of thousands of borrowers I did not notice any difficult procedure imposed to corporations that were bailed out. They got the money as if that was their right. Strange, isn’t it? NastyOldWomyn I could have told you this the day this stipulation came out. How do we pay rent when the business is closed? This law does not help with fixed costs at all and we cannot make up the loss of revenue after we open in order to pay the bills that will have added up by then. Conveniently posted on a Friday,
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