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Text size [+][-]  Friday March 19 2010GLOBAL EDITION

Considered view
28 Jul 2009 15:42

Furbetti flame-out

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The Italian developer is set to refinance that much debt to avoid becoming the crisis’s biggest Italian casualty. A nearly-20% decline in property sales has hurt, but an Italian fondness for cosy relations between banks and entrepreneurs probably let it take too many risks.

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More stories by:  Rachel Sanderson






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