Solidarity vital as Italian state, banks and companies face intensifying crisis

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Solidarity vital as Italian state, banks and companies face intensifying crisis

Fruit stall Rome Italy closed by coronavirus 13Mar20
(200312) -- ROME, March 12, 2020 (Xinhua) -- A closed fruit shop is seen in Rome, Italy, on March 12, 2020. The number of people who tested positive for the new coronavirus in Italy reached 12,839 on Thursday, Italian authorities said. Italian Prime Minister Giuseppe Conte on Wednesday evening announced the closure of all retail shops, coffee bars, pubs, restaurants, hair stylists, and beauty salons, and called on the private sector to let employees take leave or work from home as much as possible. (Photo by Elisa Lingria/Xinhua) | unreguser/Xinhua News Agency/PA Images

The outlook for Italy continues to worsen, as both the coronavirus pandemic and financial markets rout deepened on Thursday. But essential services are functioning, in society and markets, and Italians are helping each other through the crisis, including with funding difficulties. By Jon Hay and Lewis McLellan

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