Michele Sindona e l'economia italiana

The aim of the present thesis is to describe the Italian economic context in which Michele Sindona worked. He soon became the most famous italian expertice in financial advisory and tax; at that time he also come into contact with Moizzi which gave him its personal shares inࢠfinancial Private Bankࢠand, thanks to the good relation with Cesare Merzagora, he catched the stock of the Feltrinelli family so granting himself the access to the ࢠUnion Bank's capitalࢠ; Sindona seems to transfer his activities to the States. After the OPA defeat in '72 the group's activities begin to operate outside of any legal ; Infact By Fasco Ag, a Lichtenstein brokerage , Sindona export capital on deposit at foreign sited branch banks ;this way of doing allows him to act outside of any legal constraint, virtually masking financial activities. The creation of Moneyrex, the first Italian agency broker, made the Sindona group began to expose too heavily in the foreign exchange market. The economic crisis of '74 leads to the collapse of the Franklin Bank and other institutions of the group.?Clashing with the Industrial Italian financial establishment Sindona preclude himself at the end any attempt to reform the Italian financial system ,so strictly connected to the Statal Industry and to the Italian political party system. The banker was involved in the defeat of the referendum on divorce in 1974 that he had generously funded. Not any more able to count on the Dc his fate is always more tied up to P2; the banker is so used by that organization to finance its economic activities. Sindona is finally crushed by the Italian economy and political system tied to opposing blocs of the Cold War.