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.

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