Tag Archives: mafia

Cities in Italy at Risk of Bankruptcy

There are ten Italian cities facing a high risk of bankruptcy. Most of them are in the south of the country, and have long histories of financial mismanagement, corruption and mafia infiltration. However, there are some from the more prosperous north.

The warning comes after Mario Monti, the Italian Prime Minister, warned that the Italian island of Sicily is at risk of default. Sicily has a high degree of financial autonomy, but the Italian government are poised to take over the financial affairs of the island.

Default for these cities could mean trash is uncollected and schools fail to reopen after the summer vacation.

BOMB BLAST AT ITALIAN SCHOOL – MAFIA SUSPECTED – ONE DEAD SEVERAL INJURED

BOMB BLAST AT ITALIAN SCHOOL – MAFIA SUSPECTED – ONE DEAD SEVERAL INJURED

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The mafia are believed to be behind a bomb blast outside a school in southern Italy.

One girl was killed in the attack, and many more suffered terrible injuries.

Police say the attack was planned to kill.

The school was named after the wife of a famous Italian judge who worked against the mafia

The judge and his wife were both killed 20 years ago in Sicily.

The attack is thought to be revenge for a number of mafia arrests in the region and to mark the anniversary of the judge’s death.

We reported earlier this year that in terms of liquidity the mafia can be thought of as the biggest bank in Italy,

And remains a powerful force in the county.