http://www.versobooks.com/blogs/1100-roberto-saviano-on-organized-crime-and-the-financial-crisis

Roberto Saviano on organized crime and the financial crisis

By Molly Osberg / 29 August 2012

Roberto Saviano, author of the forthcoming essay collection Beauty and the Inferno, writes this week for the New York Times about organized crime's massive advantage during the global financial crisis. He writes:

American banks have profited from money laundering by Latin American drug cartels, while the European debt crisis has strengthened the grip of the loan sharks and speculators who control the vast underground economies in countries like Spain and Greece.