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Standard & Poor's: Italy at high risk of corruption

According to a report on the insurance rating agency, Italy would be at high risk of corruption, given the lack of payment culture and legality - The Transparency International ranking places Italy in 72nd place for perceived level of corruption.

Standard & Poor's: Italy at high risk of corruption

Corruption is a "high risk" factor for Italy. To say it, in a report on insurance, is Standard & Poor's, which signals that both the culture of payments and the principle of legality in the Peninsula are at great risk.

Supporting Standard & Poor's thesis, explains the same rating agency, are the results of the ranking drawn up by Transparency International, which places Italy in 72nd place out of 183 countries, as regards the perceived level of corruption in the public sector.

Other indicators too, those compiled by the World Bank, contribute to an image of Italy well below the standards set by the major European countries. Indeed, according to the Washington institute, Italy is at the 62nd percentile as regards the culture of payments and at the 58th for the control of corruption.

These indicators, reads the note released by Standard & Poor's, "reflect the quality and timeliness of the implementation of contracts and the courts and the transaction costs that they impose on companies and investors".

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