Since 2011 Italy has seen three prime ministers promise to reform the country and kick-start the economy. Yet with a return to recession earlier this year and unemployment at 12.3 percent, optimism in Italy has hit a new low. But for Fernando Napolitano, chairman & CEO of Italian Business & Investment Initiative (IBII), it's time outsiders start seeing the wealth of opportunity in Italy.

"Italy is a rich country, capital is not scarce," he tells The Local. Tasked with fostering business ties between Italy and the US, based in New York, Napolitano says investors do still have faith in Italy. "All the major [New York] funds have significant stakes in both banks and public utilities in Italy. This is because they believe these companies are sound, the economy is indeed in crisis but will rebound," he says.

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Fonte: Italian Good News