Mafia en Italy: credit dries up so the Mafia steps in <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="">SOS Impresa</a>. It claimed that the Mafia had now become <a href="">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="" 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 Thailand arrests Vito Roberto Palazzolo, 'South African' mafia banker wanted in Italy Vito Roberto Palazzolo, a Sicilian mafia banker wanted in Italy, has been arrested in Thailand.<p><a href="" target="_blank">read more</a></p> Mafia Italy South Africa Thailand Sat, 31 Mar 2012 21:34:00 +0000 News Desk 5698707 at