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Italy ❤ currency swaps too

Published on February 18, 2010 5:54 PM | Comments

I was just telling an Italian friend on Tuesday that if Greece was involved in this kind of stuff (swaps, derivatives, off the books accounting), the Italians had to be too:

Turns out, sovereigns are not the only public bodies with a love of currency swaps.

Bloomberg reported on Wednesday that Italian municipalities are increasingly under domestic pressure over their prevalent use of derivatives in the last few years.

The world economic mess continues!

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