ASSESSMENTS
The European Crisis Hits Italian Companies
Aug 23, 2013 | 20:36 GMT
(ANDREAS SOLARO/AFP/GettyImages)
Summary
Economic conditions in Italy are likely to remain fragile in the coming years, mainly as a result of declining economic activity, a lack of competitiveness and tightening credit conditions. These factors are hurting domestic companies, which are facing increased financial problems. Because of the perennial political instability in Italy, the country will struggle to find sustainable solutions to these problems.
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