Hitting the high notes in Italy
WHEN it comes to money, Italy is Europe's undisputed leader—not in the matter of money's soundness, perhaps, but certainly in pure quantity. The 2.9 billion Bank of Italy notes in circulation far exceed the supply from any other European central bank. Lira banknotes account for one in four of all the notes circulating in the European Union.
This article appeared in the Finance & economics section of the print edition under the headline “Hitting the high notes in Italy”
From the May 10th 1997 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer