By  on April 10, 2009

MILAN — The Italian minister of economic development, Claudio Scajola, has followed up on his promise to help support the fashion industry during the global recession.

The Italian government has approved 1.6 billion euros, or $2.1 billion at current exchange, for small- and medium-size Italian companies to assist them in obtaining “credit lines to boost exports [and] further resources for companies that are part of the textile-fashion-footwear districts.”

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