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  1. #1 Mafia now "Italy's No.1 bank" as crisis bites: report 
    Super Moderator bijou's Avatar
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    Organized 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.

    Organized crime now generated annual turnover of about 140 billion euros ($178.89 billion) and profits of more than 100 billion euros, it added.

    "With 65 billion euros in liquidity, the Mafia is Italy's number one bank," said a statement from the group, which was set up in Palermo a decade ago to oppose extortion rackets against small business.

    Organized crime groups like the Sicilian Cosa Nostra, the Naples Camorra or the Calabrian 'Ndrangheta have long had a stranglehold on the Italian economy, generating profits equivalent to about 7 percent of national output. ...
    http://www.reuters.com/article/2012/...8091YX20120110
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  2. #2  
    Power CUer
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    When you suck the life out of the real economy, criminals take over. It happened in Russia, now Italy.
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  3. #3  
    SEAduced SuperMod Hawkgirl's Avatar
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    My dad has the Italian TV stations on his satellite dish, he is always cursing out the news reporters...He's so ashamed of his corrupt country.
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  4. #4  
    CU Royalty JB's Avatar
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    Trash hauling, sports betting and hookers really pays off. :eek:
    Be Not Afraid.
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