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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 defaulted on debt and even resorted to effectively expropriating their own citizens overnight rather than missing payments.

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> even resorted to effectively expropriating their own citizens overnight rather than missing payments.

source on that one?

Google "Tassa patrimoniale Amato 1992". The government directly fetched 0.6% of all current account balances overnight.

Thanks 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...

You would not be able to understand it, it's domestic.

What do you mean by that comment? I _am_ Italian.

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