Derivatives deals aren't threat to finances, Italy says

Italy's finances are not at risk because of its use of derivatives to hedge debt, according to the Treasury. "There won't be any negative impact on public accounts," Finance Minister Fabrizio Saccomanni said. "These are instruments used to manage interest-rate risk." The Treasury dismissed reports that it could lose billions of euros on derivatives contracts. Meanwhile, Italy's judiciary is looking into the situation.

View Full Article in:

Reuters · Bloomberg · Financial Times (tiered subscription model) · Wall Street Journal, The

Published in Brief: