Analysis: Crisis stifles Italian firms’ competitiveness drive
MILAN (Reuters) – Italy’s “war” with international debt markets has sent borrowing costs soaring for its traditionally prudently managed private companies, stifling their efforts to invest in competing more strongly with rivals in Germany and beyond. Just as Prime Minister Mario Monti tries to fix the problems that have hindered Italy’s private sector for decades, notably its legendary official red tape, companies are paying significantly more to borrow than competitors to the north. . . .
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