{video} A proposal in Rome to issue small-denomination bonds to help pay back its debts could have disastrous consequences for the Italian economy, an analyst has told CNBC. The Italian government is considering a proposal that would see the treasury issue securities — so-called mini-BOTs (short-term treasury bills) — that could be used by recipients to pay taxes or to buy goods or services from state-owned companies. Supporters of the idea, including one of Italy’s ruling parties, Lega, believe the short-term securities would help the government reduce its outstanding bills. On the other hand, critics argue that it ... (full story)