Word: partecipazioni
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Today Confitex and Castelfranco Veneto are thriving, beneficiaries of a new government-sponsored hospital for ailing companies. The agency, known as GEPI (for Gestioni e Partecipazioni Industriali, or Industrial Management and Participation), was created by the Italian government 18 months ago to revive fundamentally strong firms that have fallen on hard times. And times have been particularly hard for Italy's industry in the past three or four years. Under the impact of incessant strikes, inept management, stiffening foreign competition and generally dismal economic conditions, Italian companies have been disappearing as fast as scampi at a gondolier...
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