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

5:40 AM ET Mon, 13 Feb 2012

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."