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Mafia Boom In Italy As Economy Weakens
“Italian banks, which for years had been widely criticized for lending sparingly to small and medium-size businesses, now have ‘absolutely closed the purse strings,’ said Gian Maria Fara, the president of Eurispes, a private research institute. That is great news for loan sharks. Confesercenti, the national shopkeepers association, estimates that 180,000 businesses recently have turned to them in desperation. ” [Link]