Fewer loans granted as businesses struggle with repayments

(AGI) Rome, July 14 - Loans granted to Italy's consumers andsmall businesses fell 35 billion year-on-year in May,businesses association Unimpresa reported on Monday. The creditsqueeze tracks unpaid loans worth 32.8 billion, up 24 percentat 168 billion euros. With overdue business loan repaymentstotalling 119 billion euros, the private sector accounted forthe majority of unpaid loans. . .

(AGI) Rome, July 14 - Loans granted to Italy's consumers andsmall businesses fell 35 billion year-on-year in May,businesses association Unimpresa reported on Monday. The creditsqueeze tracks unpaid loans worth 32.8 billion, up 24 percentat 168 billion euros. With overdue business loan repaymentstotalling 119 billion euros, the private sector accounted forthe majority of unpaid loans. . .