The Italian automobile car industry. Surviving the recession.

The Italian automobile car industry. Surviving the recession.

Last year 2008 Italy appeared to be surviving the global recession. Life continued as normal with only a few cut backs over xmas. No Italian banks have gone bankrupt, Italian mortgage interest rate was capped at 4% for variable interest rate Italian mortgages.

The air has changed since the start of 2009. The global automobile recession has now arrived in Italy. The industry contributes 11.5% to the Italian GDP Read the rest of this entry »

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