Credit crunch far from over, says Confesercenti

(AGI) Rome, Sept 27 - The credit crunch was far from over,acting vice president of the Confesercenti shop-owners'association, Massimo Vivoli, said. Business loan stock,including defaults, amounted to 913 billion euros in August,103 billion (10.2 percent) down on November 2011's 1,016billion. Thanks to the intervention of the European CentralBank over the last few months, business loans were slowlypicking up, although they still remained in negative territory.. .

(AGI) Rome, Sept 27 - The credit crunch was far from over,acting vice president of the Confesercenti shop-owners'association, Massimo Vivoli, said. Business loan stock,including defaults, amounted to 913 billion euros in August,103 billion (10.2 percent) down on November 2011's 1,016billion. Thanks to the intervention of the European CentralBank over the last few months, business loans were slowlypicking up, although they still remained in negative territory.. .