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March 25, 2020 22:10 The European Commission has approved the Italian state guarantee in support of a debt moratorium from banks to small and medium-sized enterprises affected by the coronavirus epidemic. Italy had notified the Commission, within the temporary framework, of a state guarantee in support of a moratorium on the debt of SMEs, including the postponement of repayments of overdrafts, advances, mortgages and leasing transactions. Brussels has found that the Italian measure is in line with the conditions established by the EU.