Monday, November 28, 2011

Italy - Patriotic Italians urged to buy bonds (is the interest tax free?)

Published on Nov 28, 2011 by
http://www.euronews.net/ Banks in Italy are appealing to the patriotism of ordinary Italians to help the country out of its debt crisis.

The Italian Banking Association is pushing a special 'bond-day' so local investors can buy government securities without paying any fees.

With many big institutional investors dumping their Italian holdings at least one newspaper has already carried a full-page advert exhorting citizens to show foreigners that Italians still believe in the country.

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