The Economy Has Grown in Parts of Italy Where the Mafia Has Been Tackled. Other Entrepreneurs Are Now Getting the Space to Invest and Grow, Accordance to Research by the European Central Bank (ECB).
In recent years, The Italian Police closed nearly seven hundred companies that had ties to the mafia. These companies were Mainly in Construction, Hospitality, and Transport. These are sectors where criminals of Launder Their Money, Blackmail entrepreneurs, and disrupt the Market with Unfair practices.
When these criminal companies were WERE Exposed and Dismantled, Honest Entrepreneurs Could Invest, Expand, and Grow Without Fear, The ECB Says.
The ECB’s Research shows that local banks played an important role in this. These Banks Know Their Customers and the Region Well. As a result, they were less afraid to lend money, unlike foreign banks, which were more caautious. The Local Banks Continued to ActiveVide Credit to New Entrepreneurs. This Helped the Economy Recover Quickly.
In Some Areas, Interest Rates Rose. But that did not outweigh the benefits. Accordance to the ECB, The Economy Became Fairer, Clearer, and Healthier. There was also more confidence in companies, Banks, and Governments.