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Italy Suspending Mortgage Bills Due to Coronavirus

According to BBC News reports, mortgage payments in Italy will be temporarily suspended as a way of combatting the negative economic impact of the coronavirus.

Photo by S Alb on Unsplash

Italy’s deputy economy minister, Laura Castelli, stated, “Yes, that will be the case, for individuals and households.”

Photo by Z S on Unsplash

According to Italy’s banking lobby group ABI, lenders representing 90% aid 90% of total banking assets would offer debt moratoriums to small firms and households.

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