A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) , financed by Intesa Sanpaolo , is crucial in terms of safeguarding Italy's economy, the head of the country's biggest retail bank said.
), is crucial in terms of safeguarding Italy’s economy, the head of the country’s biggest retail bank said.
Italy is set to provide guarantees on 80% of the loan through credit export agency SACE under an emergency liquidity package adopted to help companies weather the coronavirus crisis.
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