Reuters
Mafia now "Italy's No.1 bank" as crisis bites-report
By James Mackenzie
ROME, Jan 10 (Reuters) - 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.
Posts
1 comments:
Recapitalize Unicredit and Intesa already. The problem is the prosecutors will want to prosecute somone for acting irresponsibly and causing the bank to fail, as if it werent the politics behind the euro. The politicians will villify the banks to deflect. The public will be outraged. The germans will smell the stench of inflation and laziness rather.than admit their system is flawed. Recap the banks and get kicked out of the Euro. Do nothing and hrh Merkel is happy, the public suffers, politicians keep their jobs for now, the mafia prospers. All fun and games until a populist with eyes on a life appointment offers a vision of hope and change in exchange for a compromise on liberty or democracy.
Post a Comment