24.2 C
New York
Wednesday, July 6, 2022

Italy state lender to play growing role in economy relaunch

Italy state lender to play growing role in economy relaunch© Reuters. Italy state lender to play growing role in economy relaunch

ROME (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) will have a growing role in the relaunch of the country’s growth at a time of increasing economic slowdown, Economy Minister Giovanni Tria said on Wednesday.

Tria said the CDP should “not have any anti-cyclical role, but it must help Italy’s prospects… also in the long-run”.

Speaking at the presentation of the CDP’s 2019-2021 business plan presentation, the minister said the lender had a key role in Italy’s use of European Union funds.

He also said it had to intervene in strategic sectors such as infrastructure, digital transformation and energy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles