Italy's Public Debt Market Scam

This episode details how the Italian government finances its budget deficit through the issuance of government bonds. A select group of primary dealers, primarily banks, purchase these bonds in auctions, creating a mechanism for the state to access capital when tax revenue is insufficient. The process involves the use of the MTS (Market of Government Securities) platform and the TARGET2 payment system, managed primarily through the Bank of Italy. The article also raises questions about the creation of money by banks to fund these purchases and its implications for the national debt. Finally, the text lists the current primary dealers involved in this process. https://centralerischibanche.blogspot.com/2024/12/come-funziona-il-ricorso-al-mercato-da.html