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If anything, Italy is practically the most trustworthy treasury in the world: despite the highest debt/GDP ratio in the world after Japan, they have never defau
by toyg 4y ago
If anything, Italy is practically the most trustworthy treasury in the world: despite the highest debt/GDP ratio in the world after Japan, they have never defaulted on debt and even resorted to effectively expropriating their own citizens overnight rather than missing payments.
- tlamponi 4y ago> even resorted to effectively expropriating their own citizens overnight rather than missing payments. source on that one?
- toyg 4y agoGoogle "Tassa patrimoniale Amato 1992". The government directly fetched 0.6% of all current account balances overnight.
- tlamponi 4y agoThanks for that! The speculation against the pound and lira I heard of, but that was before my time and the retroactive tax wasn't ever thought in school, at least I'd like to think that I had remembered such things. Not sure how that would play out on todays (well, current as today Italy's last gov is no more) landscape...
- Phurist 4y agoYou would not be able to understand it, it's domestic.
- tlamponi 4y agoWhat do you mean by that comment? I _am_ Italian.