(Bloomberg) -- Italian non-financial corporations withdrew more than 20 billion euros ($23 billion) from their overnight deposits last month, European Central Bank data show. The reasons may be manifold, ranging from concerns taxes might rise to mounting bills during the recession. The January outflows were the most since the data started 16 years ago.
To contact the reporters on this story: Giovanni Salzano in Rome at gsalzano@bloomberg.net;James Hirai in London at jhirai3@bloomberg.net
To contact the editors responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net, Sheldon Reback
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
