UniCredit Exec Says Sicily Mafia On Way Out
Banco di Sicilia can play an important role against the mafia in Sicily by funding sound and competitive companies, the chairman of the Sicilian unit of Italian bank UniCredit (CRDI.MI: Quote, Profile, Research, Stock Buzz) said on Tuesday.
Speaking to foreign journalists in Milan, Ivan Lo Bello said the mafia had a “parasitic” business culture which thrived on public money funnelled into traditional sectors such as construction and infrastructure.
“Wherever there is an efficient economic system, the mafia is forced to take a step back,” said Lo Bello, who also heads the Sicilian branch of employers body Confindustria.
Read more at Reuters.com
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