March 9, 2020 / 8:22 AM / a month ago

Italy's government studying state guarantee to support bank debt moratoriums to households

FILE PHOTO: Workers dressed in protective garments prepare to sanitise a regional building as Italy seeks to contain a coronavirus outbreak in Rome, Italy March 8, 2020. REUTERS/Remo Casilli

ROME (Reuters) - Italy is studying a state guarantee scheme to support banks offering debt moratoriums to households and companies, a member of the government said on Monday, as a coronavirus outbreak hits the economy.

Deputy Economy Minister Antonio Misiani told in an interview to Radio 24 the measure was under discussion with the Bank of Italy, which is the national lenders’ supervisor.

Italy’s banking lobby has asked European authorities to ease rules on problem loans for at least six months.

Reporting by Stefano BernabeiGiselda Vagnoni; Editing by Alison Williams

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