Attack Of The Mini-BOTs: Some Folks Are Going To Get Varoufakis’d

It's a good thing the upbeat trade headlines out over the weekend have served to buoy sentiment to start the week, because folks are pretty damn concerned about the situation in Italy. Jitters on Monday seem to center around the possibility that the populists' "mini-BOT" idea (which amounts to the introduction of a parallel currency) will come to fruition. If you're not up to speed on this, these things are just Treasury bills that don't pay interest. They're backed by tax revenues and they w

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