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EUROZONE-BUSINESS/
RTR2U6IL
November 18, 2011
Michele Perini, president of SAGSA, poses in his show room in Milan November 10, 2011. Perini, whose...
Milan, Italy
To match Feature EUROZONE-BUSINESS/
Michele Perini, president of SAGSA, poses in his show room in Milan November 10, 2011. Perini, whose company SAGSA supplies Bauhaus-style furniture for offices and has annual sales of around 10 million euros, is concerned the new measures could squeeze small firms who are already finding it difficult to get access to credit and withstand higher labour and input costs. Companies in Italy, France and Germany, the three largest economies in the euro zone, are reacting to the bloc's debt emergency with varying degrees of nonchalance and alarm, mainly depending on how much their clients, and their own business models, are reliant on loans.Residential home builders and the companies that supply them are worried about how skyrocketing sovereign debt yields will affect mortgage rates and new home purchases. Retailers are cutting jobs and trying to trim other costs. But many also say the crisis could create business opportunities, spur a healthy industry shake-out and possibly even encourage better labour practices. To match Feature EUROZONE-BUSINESS/ REUTERS/Alessandro Garofalo (ITALY - Tags: BUSINESS)
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