Italy extends maturity of state-guaranteed loans for smaller firms - lawmaker

ROME (Reuters) - Smaller Italian companies will have up to 10 years, not just six as initially envisaged, to repay state-guaranteed loans which are being made available under an emergency liquidity scheme to face the COVID-19 crisis, a lawmaker told Reuters on Friday.Raphael Raduzzi, from the ruling 5-Star Movement, said members of parliament had also raised to 30,000 euros from 25,000 the maximum value of bank loans reserved for small firms on which Rome is offering a 100% guarantee. Rome..