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Italian Film about a boy and his step-grandmother

This is an old italian (??) film about a family that is visited by the widow of their grandfather (their step-grandmother) as she is there to give the family their inheritance. The step-grandmother is an older but beautiful that everyone in the town tries to sleep with include her step-son and step-grandsons. Eventually the youngest grandson loses his virginity to his step-grandmother. I guess this movie would be an erotic-comedy.
asked Jun 19, 2012 in Name That Movie by NegroNinja (17 points)
Can we guarantee it is italian? When/where did you see it?
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