In the centre of Florence, near the Uffizi gallery and Cathedral of Santa Maria in Fiore, Pasquale Naccari has serious doubts about whether the seafood and pizza restaurant his family has run for more than 50 years can survive much longer.
We are in a desperate situation, said Mr Naccari. My bank account balance is almost zero for the first time in years and my business is on the verge of collapse; state funding is inadequate, badly distributed and delayed.
The plight of the Il Vecchio e il Mare restaurant epitomises the existential crisis facing thousands of Europes small and medium-sized companies that have had much of their income wiped out by the coronavirus pandemic and the curbs to contain it.
The eurozone economy fell into a dou…
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