Italy’s Treasury, banks – and their leasing subsidiaries – and
the country’s employers’ organisation Confindustria are in talks
for giving Italian firms a one-year moratorium on leasing and
mortgage loans.

Confindustria’s head Emma Mercegaglia said that any suspension
would “definitely include leasing loans”.

The moratorium – which should freeze for 12 months a
reimbursement of the capital part of company loans on both leasing
and mortgage loans – is aimed at helping struggling small and
medium-sized firms.

In exchange for giving their customers a temporary break to pay
off their loans, banks and leasing companies that sign up to the
agreement should obtain tax breaks on their bad loans.

An agreement is expected to be announced before the end of the
summer break, Mercegaglia added.

Antonio Fabrizio