Rome

Italy risks third credit crunch in six years, say employers

Confindustria warns nation is in 'full emergency'

Italy risks third credit crunch in six years, say employers

Rome, March 8 - Italian industrial employers association Confindustria on Friday warned that the eurozone's third-largest economy risks being embroiled in a credit crunch for the third time in six years. ''Italy is yet again in full credit emergency'', Confindustria's research unit said in a report. ''The risk is that Italy will suffer a third credit crunch after those of 2007-2009 and 2011-2012. ''Banks are becoming increasingly selective, loan levels are falling, and the interest rates applied are increasing'', Confindustria said.

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