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Monte dei Paschi
Our magistrates have established the Monte dei Paschi — a public lending institution secured against the revenues of the Maremma pastures — to provide affordable credit to merchants and the poor alike and to give Siena a stable foundation for commerce in an era of expanding trade. This innovation in public finance became a model of banking stability that outlasted empires, sustaining our commercial life through crises that bankrupted more reckless rivals. This institution accelerates the adoption of new economic practices across our lands while generating the steady fiscal revenue that a city of ambition requires.
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