Eurozone crisis live: Italy denies wrongdoing over derivative contracts | Business | guardian.co.uk: Italy is reportedly facing losses of around €8bn on controversial derivative contracts taken out in the late 1990s, and restructured at the height of the eurozone crisis.
Confidential government papers seen by the Financial Times suggest the Italian Treasury is sitting on an €8bn loss after restructuring eight debt contracts with foreign banks in early 2012, at what appear to be poor terms.
