The Italians have had enough of corruption

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Reuters report:

Italy plans to take action against firms that invest funds in tax havens and is considering drawing up its own blacklist of such countries, Economy Minister Giulio Tremonti said on Tuesday.

Excellent!

The realisation that tax havens can only cause harm is growing.

But there’s another message in this – which is that the longer that the likes of Switzerland, Belgium, Luxembourg and maybe Austria hold out against sensible reform in Europe the more likely it is they will be subject to sanctions.

Which is more good news.