Sunday

23rd Sep 2018

Italian mob has €200bn annual budget

  • Rome: organised crime in Italy is said to have a €200bn annual budget. (Photo: Giampaolo Macorig)

The annual budget of organised crime in Italy is bigger than that of the EU, with most of the money spent outside Italy, the country's foreign ministry says.

“Organised crime has an annual budget of more than €200 billion,” said Giovanni Brauzzi, security policy director at the Italian ministry of foreign affairs, on Tuesday (25 March).

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... or join as a group

“They invest only 10 percent of this budget in Italy, the rest they invest in countries in Europe and elsewhere. They have good friends everywhere,” he added.

The EU's annual budget for 2014 in comparison is around €140 billion.

There are conflicting estimates on the scale of Italian organised crime.

A study out last year by the Italian-based Transcrime joint research centre said Italy's mobs take in just €10.5 billion per year.

Another study, released in 2012 by Confesercenti, a employers' association, put the annual turnover figure at €140 billon.

Brauzzi, who was speaking at the Second Annual European Cyber Security Conference in Brussels, said the mob also works with the Italian legal system to crack down on minor cyber threats on the internet in a mutually beneficial relationship.

“They produce evidence for the legal system in order find these groups, in order to stop those activities and to keep going ‘as business as usual’ in order then to have their own activities protected,” he said.

Top lawyers and managers are on their payroll, he said.

He noted that over the past few years, Italy's organised crime syndicates have shifted their "investments" outside Italy.

Brauzzi said Italy's organised crime is deeply embedded in “the most important companies working in financial transactions.”

“Corruption is the easiest way of doing busy in their framework,” he noted.

A European Commission anti-corruption report published in February found that almost half the businesses in Italy see corruption as a “very serious or quite serious problem.”

EU has 'no corruption-free zone'

Corruption across the EU bloc is costing taxpayers billions as member states fail to tackle the problem head on, according to the European Commission.

Opinion

Building a Europe more resilient to terrorism

One year to the day since the terror attacks in Barcelona and Cambrils, the commissioner for home affairs spells out what action the EU is taking now to protect against further attacks.

Stakeholders' Highlights

  1. NORDIC COUNCIL OF MINISTERSThe vital bioeconomy. New issue of “Sustainable Growth the Nordic Way” out now
  2. NORDIC COUNCIL OF MINISTERSThe Nordic gender effect goes international
  3. NORDIC COUNCIL OF MINISTERSPaula Lehtomaki from Finland elected as the Council's first female Secretary General
  4. NORDIC COUNCIL OF MINISTERSNordic design sets the stage at COP24, running a competition for sustainable chairs.
  5. Counter BalanceIn Kenya, a motorway funded by the European Investment Bank runs over roadside dwellers
  6. ACCACompany Law Package: Making the Best of Digital and Cross Border Mobility,
  7. IPHRCivil Society Worried About Shortcomings in EU-Kyrgyzstan Human Rights Dialogue
  8. UNESDAThe European Soft Drinks Industry Supports over 1.7 Million Jobs
  9. Mission of China to the EUJointly Building Belt and Road Initiative Leads to a Better Future for All
  10. IPHRCivil society asks PACE to appoint Rapporteur to probe issue of political prisoners in Azerbaijan
  11. ACCASocial Mobility – How Can We Increase Opportunities Through Training and Education?
  12. Nordic Council of MinistersEnergy Solutions for a Greener Tomorrow

Latest News

  1. Brexit and MEPs expenses in the spotlight This WEEK
  2. Wake-up call on European Day Against Islamophobia
  3. Sound of discord at 'Sound of Music' Salzburg summit
  4. Salzburg summit presses for bigger Frontex mandate
  5. UK's post-Brexit plan 'will not work', EU says
  6. Airbnb agrees to clarify pricing for EU
  7. Libya keeps coast guards rejected by the EU
  8. EU divisions on menu at Salzburg dinner

Join EUobserver

Support quality EU news

Join us