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Derivatives, the Ministry of Economy rejects the accusations: "Illusions, there is no danger"

"The hypothesis that the Italian Republic used derivatives at the end of the XNUMXs to create the conditions required for entry into the euro is absolutely groundless": thus Economy Minister Saccomanni at the end of the CDM this morning.

Derivatives, the Ministry of Economy rejects the accusations: "Illusions, there is no danger"

“There is no danger to the state accounts” associated with derivatives subscribed in the past. This was specified by the Ministry of the Economy which defines assumptions today's press rumors that spoke of 8 billion at risk. Among other things, the Treasury adds in a note that it "regularly provides the Court of Auditors every six months with all the documentation relating to transactions carried out in derivative financial instruments" and underlines that "the hypothesis that the Republic of Italy used derivatives in the late XNUMXs to create the conditions required for entry into the euro”.

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