Wednesday, December 03, 2008
The Credit Crisis, Italian Style
Small business grouping, Confesercenti, says the mafia has a combined turnover of some 130bn euro (£106bn) a year - 6% of the country's GDP.
It says the credit crunch has forced about 180,000 hard-up businessmen to turn to ruthless mafia money-lenders.
Mafia bosses are also investing in well-known Italian companies, it says.
