Golden Pig who asked too Much, but gave back Littleby Pat Darnelli
Italian banks may take ham and wine as collateral
Minister backs plan to accept high-quality wines and prosciutto from struggling producers
Tom Kington in Rome guardian.co.uk, (Wednesday 19 August 2009 17.01 BST)
"Italian bank vaults may soon resemble well stocked delicatessens if a plan goes ahead to accept expensive wines and dry-cured hams as collateral on bank loans from crisis-hit producers.
"The idea, which was launched this week by an influential Italian bank chairman and wine producer, was backed by an Italian minister and follows the tradition of Italian banks storing massive wheels of parmesan cheese as loan collateral." tags: Business. Food & drink industry · Financial crisis · Credit crunch · European banks
[Read Article HERE]
[ ... ]
Minister backs plan to accept high-quality wines and prosciutto from struggling producers
Tom Kington in Rome guardian.co.uk, (Wednesday 19 August 2009 17.01 BST)
"Italian bank vaults may soon resemble well stocked delicatessens if a plan goes ahead to accept expensive wines and dry-cured hams as collateral on bank loans from crisis-hit producers.
"The idea, which was launched this week by an influential Italian bank chairman and wine producer, was backed by an Italian minister and follows the tradition of Italian banks storing massive wheels of parmesan cheese as loan collateral." tags: Business. Food & drink industry · Financial crisis · Credit crunch · European banks
[Read Article HERE]
[ ... ]
"Horse sense is the thing a horse has which keeps it from betting on people." (WC Fields)
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