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Reuters
Old woes and new: business turmoil awaits Italy’s election winner
Inflation, looming recession and impossibly high energy bills are among the daunting economic problems awaiting whoever wins Italy’s election on Sunday, and they are casting a particularly long shadow over the industrial city of Terni. According to Milan-based economic think-tank Cerved some 24.5% of Terni’s 16,000 firms are at risk of bankruptcy in the near term, the second highest level of any place in the country after Crotone in the depressed southern region of Calabria. Lying some 100 kilometres (62 miles) north of Rome, for more than a century the fortunes of Terni’s 106,000 inhabitants have been closely linked to its main employer Acciai Speciali Terni, one of Italy’s largest steel mills.