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Brexit opportunity but Italy not ready

Brake on exports but more investment,govt tension with EU weighs

Redazione Ansa

(ANSA) - Rome, January 16 - Brexit represents a major opportunity but Italy is not ready to take advantage of it, industrial employers group Confindustria's study centre said Wednesday.
    Brexit may weigh on Italian exports "with some 23 billion euros at stake", it said, "but it may also generate opportunities", with more direct inward investment to the tune of 26 billion euros.
    This would boost GDP by 5.9 billion euros a year, or 0.4% of GDP, the study centre said.
    But Italy is "unprepared to grasp these opportunities" due to structural and institutional reasons such as a "government majority that has not hesitated at times to take an antagonistic stance against the European Commission".
   

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