Part 6/14:
Italy's economic stagnation is compounded by bureaucratic hurdles. Nick shares personal anecdotes about the sluggishness of Italy’s administrative processes, which deter new businesses and innovation. The judiciary and regulatory environment are slow, raising barriers for entrepreneurs and entrepreneurs-to-be.
Key reforms like raising retirement ages or eliminating early pensions have only scratched the surface. Deep reforms—especially in pensions, labor markets, and regulatory environments—are needed to foster dynamic economic growth.