News of a possible €8bn loss on pre-euro swaps is embarrassing for Italy and won't help if Rome has to go to the ECB, says Reuters' Breakingviews:
Finfacts report: Italy's losses at $31bn; Derivatives massaged 1999 euro entry data
Michael Hennigan: The Finfacts economics site was launched in 1997. Average monthly page views of this blog are at 80,000.
