ARTICLE · 26 MARCH 2014

Is It Time To Go "Crazy" For Italy?

TMF Group BV

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The heir to the Diesel throne recently claimed young entrepreneurs should look outside of Italy, but TMF Group’s Italian MD Massimo Paolo Gentili begs to disagree.

ItalyFinance and Banking

Massimo Paolo Gentili

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The heir to the Diesel throne recently claimed young entrepreneurs should look outside of Italy, but TMF Group's Italian MD Massimo Paolo Gentili begs to disagree.

When Stefano Rosso, co-CEO of Italian powerhouse Diesel, told Bloomberg last week that young entrepreneurs would be "crazy" to start a business in Italy at the moment, it certainly took many by surprise. While Italy has had its problems of late, its business outlook is improving considerably.

New Prime Minister Matteo Renzi staged a coup in his centre-left Democratic Party in February, ousting party rival Enrico Letta from the top job amid accusations that Letta was failing to push through reforms needed to revive the economy.

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