Because Italy is more than a geographic expression..

Alessi S.P.A. US

Thursday, October 14, 2010

Italy Has Work To Do On The Economic Freedom Front

While this blog explores one side of the Italian economic universe, one in which essentially captures its greatest creative qualities, it's not oblivious to its problems in a larger context. It's not all 'dolce vita" you know.

For example, Heritage Foundation published its annual Economic Freedom Index. Canada and the U.S. rank 7th and 8th respectively, but Italy (a member of the G8) is way down in 74th spot; tied with Greece. Leaving Russia aside for obvious reasons (I'm not so sure it even belongs in the G7), Italy is the lowest ranked G7 country.

I would think this is something the Italians will make a priority to rectify.

Not sure how realistic this objective is though.