The leader of Italy's
biggest trade union, Susanna Camusso of CGIL, on Friday railed
against a lack of regulations following the 2008 financial
crisis.
"The promise that the world made to itself in 2008, that
there would never again be toxic finance, derivatives,
non-transparent and ungoverned finance, didn't translate into
regulations or constraints," Camusso said, commenting on the
plight of reportedly more than 100,000 bond holders who lost
money as a result of a November government decree to save four
struggling Italian banks.
One of the bondholders who lost his savings, Luigi
D'Angelo, committed suicide.
"Today we're continuing to pay the consequences of a world
that financialized itself without rules", said Camusso.
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