Italy Bailing Out Fashion Companies
An idea that’s just as crazy as our porn-industry bailout came out of Italy recently. Apparently, the Italian government is considering bailing out famous Italian fashion houses due to a decline in revenue. 2008 saw revenue decline 4 percent with considerable declines towards the end of the calendar year.
The Italian fashion industry employs 80,000 people and the country is home to 30,000 distribution companies.
What do you think? Where should bailouts stop?