Intesa CEO says state-backed FCA loan crucial to protect Italy's economy
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MILAN (Reuters) - A 6.3 billion euro state-backed loan for Fiat Chrysler (FCA) financed by Intesa Sanpaolo is crucial to safeguard Italy's economy, the head of the country's biggest bank said.The loan for FCA, which will be 80% guaranteed by the state through credit export agency SACE, has stirred controversy in Italy as the car maker, which has moved its legal headquarters to the Netherlands, advances towards a merger with Peugeot-owner PSA . Speaking on Corriere TV, Intesa CEO Carlo Messina..