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Tax Evasion Is One of Italy's Biggest Problems: Expert

Monday, 13 Feb 2012 | 5:40 AM ET

Stefano Rossi, managing director at Edmond De Rothschild, told CNBC, "the first thing that this country needs to do is to make sure that everybody pays taxes and this is a very tough job because Italy does not have a good record in this respect, and I think the government is doing a very good job in this respect, but it will take time."