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Grasso: 'They've got liquid cash, they've got ready money ... and not just in Europe' (Photo: Wikipedia)

Financial crisis is boom time for mafia

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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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Grasso: 'They've got liquid cash, they've got ready money ... and not just in Europe' (Photo: Wikipedia)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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