The Mini-BOT mistake

Italy 230
By Mike Turner
06 Jun 2019

Parts of Italy’s government want to issue securities that resemble a parallel currency to the euro. The plans may never come to anything but if they did, it would prove a Pyrrhic victory for the country's eurosceptics.

Italy’s ruling League party won some parliamentary backing this week for small denomination securities called Mini-BOTs, with parliament passing a motion allowing the idea to be investigated.

The plan is to issue securities to entities the government owes money to, which they can then use to pay for government ...

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