Word: crisis
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Dates: during 1990-1999
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Italy is burdened by public debt, 6.4% inflation and 10.2% unemployment. The great Italian trade names -- Olivetti, Pirelli, Fiat -- are struggling. For most citizens the implications of this recession are only beginning to sink in, but labor leaders say the crisi will soon hit the whole white-collar sector. Yet the country's planners look abroad for succor. "Everything depends on what happens in the U.S.," says Tancredi Bianchi, president of the Italian Banking Association. Confindustria, the employers' federation, is also hoping that "the symptoms of recovery are confirmed...
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