You do not need to read numbers or interpret complicated graphs to understand how the 19-COVID...
2020-03-27 12:30:13
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From Intesa Sanpaolo 15 billion for businesses against the coronavirus

Protect the Made in Italy, first of all

You do not need to read numbers or interpret complicated graphs to understand how the 19-COVID coronavirus is battering the world economy. Intesa Sanpaolo decides to do their part, and allocates a capital of 15 billion to support small business. The sum will be divided into 5 billion credit line for additional credit lines to those already existing, while 10 billion will be used for urgent payments, and will be available only to customers of Intesa Sanpaolo.
The lender aims to support primarily the realities of small and medium-sized ones that most accuse the blow caused by the pandemic. Intesa Sanpaolo issued a statement in which he explains the purpose of the initiative, expressing the desire to reach out to those who will see a collapse in their revenues. The money should help those businesses, with the aim of avoiding a possible wave of layoffs, and thus safeguard employment.
Carlo Messina, CEO of Intesa Sanpaolo, said:
"Our goal is to safeguard the value of Made in Italy, the excellence of the production chain, the strength of our exports. We believe that the capacity and the resilience of Italian entrepreneurs will enable our production system to recover ground rapidly and reposition itself in a winning way in the scenario that will emerge from the crisis. In this phase of extreme emergency we must commit every resource, to give maximum support to Italian companies and allow them to overcome temporary difficulties, to share as soon as possible. "
By the time the scenario does not look exactly rosy. With very few exceptions in fact, a huge number of companies around the world finds himself forced to reinvent themselves, unable to predict how long the emergency will continue coronavirus. The intervention of lenders Intesa Sanpaolo will help mitigate damage still substantial, in conjunction with the support of the government that today can not just stand and watch. The protection of jobs and recovery will be the biggest challenges of the coming months, after the enormous human cost that unfortunately we're all paying.