Eurozone crisis live: Italy denies wrongdoing over derivative contracts | Business | guardian.co.uk: Italy is reportedly facing losses of around €8bn on controversial derivative contracts taken out in the late 1990s, and restructured at the height of the eurozone crisis.
Confidential government papers seen by the Financial Times suggest the Italian Treasury is sitting on an €8bn loss after restructuring eight debt contracts with foreign banks in early 2012, at what appear to be poor terms.
TiLTNews Network: Earth Watch - Freedom is defined by the ability of citizens to live without government interference, not by safety. It is easy to clamor for government security when terrible things happen; but liberty is given true meaning when we support it without exception, and we will be safer for it ~ Dr. Ron Paul
