Loan

    • Italy approves state guarantees for Fiat Chrysler loan

      Italy approves state guarantees for Fiat Chrysler loan

      Italy approved a decree offering state guarantees for a €6.3bn loan to Fiat Chrysler’s Italian unit, paving the way for the largest crisis loan to a European carmaker,  news wires reported. Italy’s audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved, said a source close to the matter. The court’s approval follows an earlier endorsement by the economy ministry.

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    • Argentina asks IMF to release earlier $50bn loan

      Argentina asks IMF to release earlier $50bn loan

      Argentina’s President Mauricio Macri has asked the International Monetary Fund for an early release of funds from a $50bn deal to ease concerns that the country will not be able to meet its debt obligations for 2019. Later that day he announced that the IMF has agreed to accelerate funding in support of his government's austerity program.

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