Italian Minister Delays Goal Of Repaying Commercial Debts - Presented by: The Aol. On Network

Italy will settle the debt arrears it owes to private sector suppliers by the end of this year, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday, pushing back previous commitments.The Italian state owes some 75 billion euros to private suppliers, according to the most recent data from the Bank of Italy. The unpaid bills have starved companies of cash and triggered layoffs, factory closures and bankruptcies.



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