Struggling banks in the EU and beyond are becoming more willing to launder dirty cash for organised crime.
Italy's anti-mafia prosecutor Pietro Grasso drew attention to one of the lesser known aspects of the crisis at a hearing in the European Parliament's new anti-mafia committee on Tuesday (19 June).
He told press: "The current economic crisis is making criminal groups even more powerful because they've got liquid cash, they've got ready money ... and not just in Europe, but i...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.