Despite a testing political backdrop to business, the Italian elite is still outperforming the domestic economy
‘Reforms are the major challenge for Italy. For many years, we didn’t have the political strength – Renzi had it,’ says Carlo Croff, senior partner at Chiomenti. Matteo Renzi was Italy’s prime minister until December 2016 when his constitutional reforms were rejected in a referendum. ‘Clients, particularly those with investments in Italy, have been disappointed,’ Croff observes.