Doubts over way Italy qualified to join / Doubts on how Italy qualified to join euro

According to a report published in November 2001 by the self-regulatory organisation, the International Securities Market Association, the government of a European Union Member State used the derivatives market to camouflage the true size of its budget deficit so that it could be admitted to the European single currency. The Member State is believed to be Italy.

http://www.isma.org/home.html http://www.isma.org/home.html

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