He said if we succeed in having high-tech then almost automatically we will be also knowledgeable in mid-tech and, of course, low-tech too.

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Yet although unemployment for Italy as a whole, now just under 8%, is relatively low by European standards, Mr Sacconi acknowledges that it remains high among the young (almost 23%), the old and in the south.

ECONOMIST: So easy to pinpoint what is wrong, so hard to put it right

And this was home to a lot of people who made low to moderate incomes, and I feel almost like we're being run out by the high prices of the condos and all that sort of stuff.

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