MILAN (Reuters) - A controversial plan for Italy to issue so-called mini-bills to settle overdue state payments is opening cracks within the country's ruling League party, after a prominent party official on Sunday dismissed it as "unrealistic."
Mini-bills, or mini-BOTs, are small-denomination versions of the Buoni Ordinari del Tesoro, Italy's treasury bills. They are the brainchild of Claudio Borghi, a eurosceptic economist who chairs Italy's Budget Committee. Similar to IOUs, they would be used to pay off suppliers, who are owed billions of euros.
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