A year ago, just as Italy was winding down for Christmas, Parmalat, one of the world's largest dairy companies, descended in a few days from revelations of debt and liquidity struggles to accounting mishaps, massive fraud and bankruptcy.

Twelve months on from what became known as "Europe's Enron", there is no peace in sight between Enrico Bondi, the government-appointed administrator trying to resurrect the company, and the dozens of banks that he says contributed to the Italian company's downfall.