The “Italian system” seems “more vulnerable” than in the past because, to face the biggest crisis in 60 years, the Italian economy and society” have greatly eaten into their reserves.” However, the wealth of the families, a “strong and flexible” productive fabric, massive appeal to Cassa Integrazione (CIG), “strict management of public finances” and informal support network have helped avoiding a crisis that could have been more severe because of the major loss of income – bigger than in other industrialized countries.
Statistics Institute (Istat), presented on May 23rd. (Ref. 110379)
The “Italian system” seems “more vulnerable” than in the past because, to face the biggest crisis in 60 years, the Italian economy and society” have greatly eaten into their reserves.” However, the wealth of the families, a “strong and flexible” productive fabric, massive appeal to Cassa Integrazione (CIG), “strict management of public finances” and informal support network have helped avoiding a crisis that could have been
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