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It’s no secret today’s topsy-turvy economy has made investors jittery and financial institutions anxious. In crisis-hit Italy, where cash is still favoured over credit cards when making payments, households are particularly keen to find a secure spot to stash their banknotes. For locksmiths Parma Antonio & Figli, it’s a perfect opportunity.

Headquartered just north of Milan since 1870, the family-owned manufacturer of safes and vaults makes money protecting other people’s valuables. On a tour of its assembly line, Parma’s managing director Giorgio…



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