Payments on mortgages will be suspended across Italy due to the coronavirus outbreak, Italy’s deputy economy minister said.

“Yes, that will be the case, for individuals and households,” Laura Castelli said in an interview with Radio Anch’io.

Italy’s banking lobby ABI said on Monday lenders representing 90 percent of total banking assets would offer debt moratoriums to small firms and households grappling with the economic fallout from the coronavirus outbreak.

Source: ALJAZEERA

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