Organized crime finds opportunity in a recession

The World

“The mobster said ‘Yeah, no problem.’ Twenty four hours later, he met the man in an apartment building. He went away and came back with a black plastic bin liner full of 50,000 euros and said: Here’s your money. 4.5 percent interest. A month.” ?Duncan Kennedy on organized crime in Italy

According to the Italian shopkeepers’ association, the economic downturn is certainly a problem in Italy. The organization says that Mafia clans are increasingly preying on businesses that need money and can’t get loans from banks – it says around 180,000 firms have already been forced to get the cash they need form organized crime groups. A lot of these businesses are small family run affairs, who find it difficult to get loans at the best of times – and in the current crisis nigh on impossible. BBC Correspondent Duncan Kennedy in Rome has been following this story.

Sign up for our daily newsletter

Sign up for The Top of the World, delivered to your inbox every weekday morning.