ITALY - The reluctance of the banks association, Associazione Bancaria Italiana (ABI), to give companies credit at lower tax rates following the 2008 pensions reform threatens to derail the entire reform.
The reform will see workers being encouraged to transfer their termination indemnity payment, Trattamento di Fine Rapporto (TFR), into either a privately managed open-ended pension fund, or an indu...
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