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Italian fashion industry presses for stimulus plan



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Funny how the "Made in Italy" stimulus didn't cause as much of a commotion as the "Made in the USA" provision in the US stimulus plan. Again, this so-called protectionism argument is the most false argument out there today. It's total BS. Pick any country and spend a few minutes reading and you will find protectionism. Clearly there everyone needs to avoid extremes, but a stimulus plan paid for by taxpayers should not have to make excuses for helping their own people.

"The Italian clothing and textile sector risks falling to pieces under the weight of the international economic crisis," Michele Tronconi, was quoted by Italian media as saying.

"We don't want someone to pedal for us. We know how to ride a bicycle well but at this time a push is necessary."

The Italian government this month approved a total stimulus package of more than 2 billion euros ($2.52 billion) aimed at the auto sector and household goods, in the latest attempt by the debt-laden government to boost the economy amid the financial crisis.

Italy's National Chamber of Fashion, which has already said fashion businesses were shocked that their sector had not been taken into consideration, added weight to the call for aid on Wednesday.

Chairman Mario Boselli told reporters it was understandable aid was aimed at the auto and domestic appliances sectors but questioned furniture being helped over fashion.

"I am pleased they are being helped but I would say fashion merits being first and getting more," he said.

The Industry ministry said a meeting would be held next week on the textile and clothing industry, adding it has already taken measures for the "Made in Italy" manufacturing sector.


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