Italy held back by red tape, taxes, inefficiency says WEF

(ANSA) - Rome, September 3 - Italy is being held back by bureaucracy, high taxes, lack of access to credit, and restrictive labor laws, the World Economic Forum (WEF) said Wednesday in its 2014-2015 Global Competitiveness Report.
    The report ranks 144 economies based on what it says are the drivers of their productivity and prosperity. Italy's labor law placed it near the bottom the list at 141, while its justice system, government efficiency, and tax incentives to stimulate investment and job creation put it in 143rd place, the Swiss non-profit said.