In case the details of the huge Parmalat case escape you, the Italian multi-national food and dairy corporation was founded back in 1961, it collapsed in 2003 after 14 billion euro was found to be missing from its accounts. Although Parmalat eventually regained its reputation, ending up becoming a subsidiary of France's Lactalis company in 2011, the case carries a stigma and is still hailed as the biggest bankruptcy Europe has ever seen. Read more details here.