Mafia http://www.globalpost.com/taxonomy/term/20960/all en Italy: credit dries up so the Mafia steps in http://www.globalpost.com/dispatches/globalpost-blogs/europa/italy-credit-dries-so-the-mafia-steps <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Report claims organized crime has become the main lender to Italy's small and medium sized businesses. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p>As many as 200,000 businesses may have taken loans from the Mafia to stay in business, according to a report issued by the Italian business organization, Confesercenti, working with the Sicily-based anti-Mafia group <a href="http://translate.google.co.uk/translate?hl=en&sl=it&u=http://www.sosimpresa.it/&ei=u0YNT52BE8nh8APZsYnzBQ&sa=X&oi=translate&ct=result&resnum=1&ved=0CDIQ7gEwAA&prev=/search%3Fq%3Dsos%2Bimpresa%26hl%3Den%26client%3Dfirefox-a%26hs%3D6BF%26rls%3Dorg.mozilla:en-US:official%26channel%3Ds%26biw%3D749%26bih%3D594%26prmd%3Dimvnsu">SOS Impresa</a>. It claimed that the Mafia had now become <a href="http://www.globalpost.com/internal/section-config/italy">Italy</a>'s main source of loans to small and medium-sized businesses.</p> <p>According to the report, organized crime has an annual turnover of 140 billion euros ($178.9 billion) of which 100 billion euros is profit. The liquidity of various criminal groups is now financing Italy's small businesses as banks have stopped lending to them.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/italy-credit-dries-so-the-mafia-steps" target="_blank">read more</a></p> Home Italy loan sharks Mafia Regions Sicily Business Debt Crisis Europe Italy Europa GlobalPost Blogs Wed, 11 Jan 2012 08:59:00 +0000 Michael Goldfarb 5686882 at http://www.globalpost.com Thailand arrests Vito Roberto Palazzolo, 'South African' mafia banker wanted in Italy http://www.globalpost.com/dispatch/news/regions/asia-pacific/thailand/120331/mafia-boss-vito-roberto-palazzolo-arrested-thailand Vito Roberto Palazzolo, a Sicilian mafia banker wanted in Italy, has been arrested in Thailand.<p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/thailand/120331/mafia-boss-vito-roberto-palazzolo-arrested-thailand" target="_blank">read more</a></p> Mafia Italy South Africa Thailand Sat, 31 Mar 2012 21:34:00 +0000 News Desk 5698707 at http://www.globalpost.com