Wednesday, January 11, 2012

Mafia Sitll Big Business in Italy

One of the Euro-zone countries we are not doubt paying to help bailout. (IMF funds don't just come from Europe) Mafia is Italy's biggest business - Telegraph
The country's four mafia groups have broken out of their traditional strongholds in the dusty 'Mezzogiorno' south of Rome and spread their tentacles across the whole country, taking advantage of the economic crisis to snap up ailing businesses and ramp up their loan-shark operations.

They now boast estimated cash reserves of €65bn, collectively making them "Italy's biggest bank", according to a study released on Tuesday by Confesercenti, a prominent employers' association.

They groups make an estimated annual profit of €100bn – about 7pc of Italy's GDP.
This isn't really surprising.

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