Italy

Italy Now Suspected Of Using Derivatives To Hide Their Debt Problem, Just Like Greece

www.businessinsider.com/eurostat-suspects-that-italy-is-usin...
sent by PHred42 since 10 hours, published about 31 minutes

Eurostat now suspects that other European nations, potentially even crisis-stricken Italy, could be hiding the extent of their debt problem using swaps just like Greece has. If multiple nations have been fooling the Eurozone's own statistical office, then we really can't be sure what the Eurozone's aggregate financial situation really is, now can we. This could be bad news for the euro if the practice was widespread