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Rome, July 8 (IANS/AKI) Counterfeiting of Italian luxury merchandise like Gucci bags cost Italy's economy over 18 billion euros ($22 billion) a year in lost revenue, said the leader of Italy's largest business trade lobby.'We are dealing with a very serious problem that hurts healthy businesses and penalises even normal citizens,' said Confindustria head Emma Marcegaglia Wednesday, at a Rome conference on counterfeiting.After falling 5.1 percent last year during the steepest recession in more than six decades, Europe's fourth-largest economy is expected by Prime Minister Silvio Berlusconi's government to grow only 1.5 percent in 2011, and 2 percent the following year.Fake Italian goods can be seen lining markets and even stores in Italy and other major markets throughout the world.The Chinese mafia is often named in counterfeiting busts, while other criminal gangs also participate in the underground activity that the World Customs Organisation says can be worth 400 billion euros a year.--IANS/AKIkv/mr
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