While Italy's new prime minister sweats to fix Italy's dire economic situation and Italians are hit with increased taxes, there are some in Italy who are doing just fine in the country, ABCNews reports.
A report released today by an Italian employers association states that organized crime is the biggest business in Italy generating an annual turnover of 140 billion Euros (over $204 billion.) The report by Confesercenti described the various different mafia clans with roots in different regions of the country as the "biggest bank" in the country with 65 billion euros ($83 billion) in liquidity. The association said the situation was a "national emergency" affecting businesses throughout Italy and is no longer to be considered as having a more powerful hold on the south of the country.
"During this economic crisis, mafia organizations are the only businessmen able to invest," said Marco Venturi, president of Conferscenti....
Read more at http://abcnews.go.com/International/maifia-italy-biggest-business-biggest-banker/story?id=15329463#.Tw1Nf2_2bhc
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