Italy: Beating the Cycle

Sun-baked Sicily is a poor and promise-hungry land whose chief exports are citrus fruit and talent. Armed with native Sicilian shrewdness and the desire to get ahead, thousands of its sons have slipped into the mainstream of Italian business. Few of them have had more spectacular success than Milan Financier Michele Sindona, who founded and heads a corporate complex of manufacturing firms in nine countries and real estate firms in five. While many Italian businessmen are nervously retrenching in the face of rising costs and tightened credits, Sindona, 44, is moving ahead...

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