Italy 83rd in economic freedom index, corruption a concern

Up from 92nd last year says Heritage Foundation/WSJ survey

Italy 83rd in economic freedom index, corruption a concern

Rome, January 10 - Italy ranked 83rd in the Heritage Foundation/Wall Street Journal Index of Economic Freedom 2013, up from 92nd last year, analysts said Thursday. Italy scored 60.6 points (above the world average of 59.6 and below the EU average of 68.9) for "progress in labor market reform, in controlling public spending, and in freedom of investment, which compensated for a decrease in monetary freedom and in freedom of economic activity," Index analysts said. In the EU, where Denmark is the "freest" country with 76.1 points, followed by Ireland (75.7) and Estonia (75.3), Italy is next to last after Greece (55.4). In Italy, "the basis of economic freedom remains weak in the absence of an efficient judicial context," the Index said. "Corruption, often involving politicians, is a growing concern and undermines trust in the government." photo: outgoing premier Mario MOnti

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