La posta in gioco. Come cambiare cassa depositi e prestiti: manifesto per una nuova finanza pubblica e sociale in Italia
Among the memories I have when I was little, There are the words of my grandfather Felicetto: “Once houses and land were sold with a handshake”.
My grandfather, in short, argued that there was value in the word "date" between people. then surely, were papers to sign, and the payments to be honored.
so today, "Letter sings", also in the savings instruments subscription.
And 'the case of Interest-bearing Postal Certificates.
Says the website of Poste Italiane: “Issued by the Deposits and Loans S.p.A.. and guaranteed by the Italian State, the postal bonds are financial products placed by the Italian Post Office since 1924. Ensure at all times the return on invested capital, plus any accrued interest. They are available in different types and issued in paper form and / or dematerialized, to better meet the needs of savers and always be in line with market contexts. They may be signed at any post office and, for some types, including through the Internet. Do not include initial charges, redemption and management, except the tax charges.”
Today, yields obtainable with their subscription are low (by way of example ordinary subscribed to February 2016 They had a rate that was by 0,01% the first year, to 0,60% the twentieth). But yields the years 80/90 They were also in double figures and thus inviting for Italian investors. In the last few years, Owing to some savings bonds longtime, holders were denied the interest accrued as, in 1983 the Goria government a decree, He decided to significantly reduce the yield on themselves and to change the way of calculating interest without giving any notice to individual savers.
The various judgments by Justices of the Peace (following the path traced by the judgments of Court of Cassation), where the owners of savings bonds have turned to seek justice, have, however, decided against the Italian Post Office with different motivations, all aimed at to reset to the respect of the contractual agreement between the issuer and underwriter of securities (the principle of contractual good faith, the obligations under the contract, preserve the interests of savers, as enshrined in Art. 47 of the Italian Constitution that "safeguards savings", etc.).
So savers They can be seen refunded as "promised" by Interest-bearing Postal Certificates.
Alex Gaetani
Read more, I report the following readings: