Tuesday

3rd May 2016

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).

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

“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.”

News in Brief

  1. Hungary to hold migrant quota referendum by October
  2. France rejects TTIP in its current form, says Hollande
  3. New commander takes charge of US forces in Europe
  4. Spain issues arrest warrants for Russian officials
  5. Pro-Putin bikers refused entry by Poland, Lithuania
  6. Nato gives details of new Baltic force
  7. German state gets historic Green-CDU coalition
  8. Chinese police to patrol Italian streets

Stakeholders' Highlights

  1. European Music CouncilRegister Now for the 6th European Forum on Music in Wroclaw, European Capital of Culture 2016
  2. Belgrade Security ForumJoin Our Team for the 6th Belgrade Security Forum. Apply Now! Deadline May 20
  3. European Roundtable of IndustrialistsCompanies Make Progress on Number of Women in Leadership Roles
  4. Counter BalanceParliament Gets Tough on Control EU Bank's Funds
  5. ICRCSyria: Aleppo on the Brink of Humanitarian Disaster
  6. CESIWorld Day For Health and Safety at Work: Public Sector Workers in The Focus
  7. EFABasque Peace Process-Arnaldo Otegi Visits the European Parliament
  8. EscardioChina Pays Price of Western Lifestyle With Soaring Childhood Obesity
  9. Centre Maurits CoppetiersThe Existence of a State is a Question of Fact, Not a Question of Law
  10. Martens CentreJoin Us at The Event: Prospects For EU Enlargement After 2019
  11. ICRCSyria: Aid for Over 120,000 People Arrives in Besieged Town Near Homs
  12. Counter BalanceHighway to Hell: European Money Fuelling Controversial Infrastructure Projects