Monthly Gainer BSE

Monday, July 11, 2011

ITALY Loss or survive ?

• The Borsa Italiana - Italy's main exchange - consists of only 331 companies.
• Italy has little industrial presence in chemicals, pharmaceuticals, computers, and even food processing.
• Public spending accounted for 51.7% of GDP in 2009.
• Italy ranks #80 on the World Bank's list, meaning it's more difficult to do business in Italy than in Namibia.
• It is more expensive to purchase electricity as an industrial producer in Italy than it is in any other EU state
• Tax evasion costs the Italian government an estimated €100 billion per year in revenues
• Italy's annual growth rate has been under 4% since 1988.
• Their stocks have lost 27% on average since the beginning of the year.
• Moody's is currently reevaluating Italy's Aa2 rating.

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