Southern Europe ‘vulnerable’

Venice

Southern European economies were more vulnerable to the downturn in tourism than their Northern neighbours, according to DBRS Morningstar.

The comments came as a study from Horwath HTL Italy reported that the country’s hoteliers were looking for further government support after the end of the summer season.

In the report, Horwath HTL Italy said that 75% of respondents were looking for an extension of social safety nets while 80% were looking to a cut of regional tax on production,

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