Italy's finance minister Giulio Tremonti is ready to drain the banking city of Lugano,Switzerland dry. There's a lot of Italian money there,including an estimated 125 billion euros in illegal earnings. The financial authorities have installed video cameras at the border to record Italian license plate numbers.The authorities then identify the owners and investigate their tax records. But it's all for nothing,because Italy,like Switzerland,is under the Schengen Agreement,which forbids the systematic checking of personal data. In Ticino,Switzerland,some politicians are fighting back. If money's going to flow out of Switzerland,they say,Italians should not be let in.
