(Reuters) Mafia turns into 'Italy's No.1 bank' as crisis bites: Report

Organised crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday.

Extortionate lending by criminal groups had become a “national emergency”, said the report by anti-crime group SOS Impresa.

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Economy, Europe, Italy, Politics in General, The Banking System/Sector

One comment on “(Reuters) Mafia turns into 'Italy's No.1 bank' as crisis bites: Report

  1. Ad Orientem says:

    [blockquote]Mafia turns into ‘Italy’s No.1 bank’[/blockquote]
    I didn’t know Goldman Sachs had such a large presence in Italy.