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The Italian mafia is thriving in a time of crisis

Jun 15th, 2009 | By admin | Category: News and Comments

At a time when businesses and the whole state could hardly ends meet, raise the head of the criminals. The Italian mafia is not only buying for pennies entire enterprise to launder money, but also provide a loan at high interest to those banks refused to loan.

Prosecutor Roberto Skarpinato nearly 20 years of experience in cases involving the activities of the Italian criminal groups. According to him, the crisis - this is great opportunity for the Mafia. Organized crime has a huge cash and buying off a legitimate business. This is what gives them the opportunity to get a greater benefit to the crisis. Not overburdened weight toxic assets and debts, criminal organizations may provide the Italian entrepreneurs what they need most of all - cash.

about the threats associated with the use of the money mafia businessmen spoke in May, President Giorgio Napolitano. There is a danger that the Mafia organizations are using the crisis to take control of businesses at risk of bankruptcy, - he said.

What earned gangs

According to the research institute Eurispes, the three largest Italian criminal gangs - Mafia, Camorra i 'Ndrangheta in the past year, earned 70 billion euros that gave money to entrepreneurs in the debt under 54 percent. For comparison - the largest oil corporation in the world, Exxon Mobil earned in the past year about 45 billion dollars or 32 billion euros.

An estimated one of the Italian association of entrepreneurs Confescerenti - mafia syndicates annual turnover is 130 billion euro, this corresponds to 6% Italian VAT. Confescerenti Researchers believe that the difficulties faced by Italian entrepreneurs in obtaining loans, led to about 180 thousand of them could take the help of organized crime.

Even before the crisis of Italian shopkeepers pay the Mafia for protection of 250 million euros a day. The Italian criminal organizations are also other sources of income. According to American Research, the Italian Mafia structure in control most of the cocaine market.
  

In that invests mafia

Part of the funds received from the cocaine trade, is given to entrepreneurs under the enormous debt interest, and part is invested in financial markets. According to the Sicilian branch of the bank UniCredit Ivanhoe Lo Bello, mafia and every investor invests in stocks and bonds.

The money is invested in international financial markets, often anonymously, or with the help of mediators - people who in their industries are considered respectable businessmen, - he said.

According to the prosecutor Skarpinato Italian crime syndicates pose a threat not only for the Italian economy, but also for the world economy as a whole. When the crisis ends, it might be that the Mafia will belong to the whole industry and the markets.

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