Which will represent Italy at the next European competition 'JA-YE Europe Email List Company of the Year Competition' in London.A Visa Europe report estimates that payment systems innovation would bring back about € 200 billion a year into legality. Italy among the countries Email List where cash is more widespread: only 1 out of 23 euros in Italy is spent with a Visa card, compared to 1 out of 3 pounds in the United Kingdom 17 May 2013 In Europe in 2013 the underground economy.
Will be worth over 2 trillion euros, equal to 18.5% of Email List GDP. Less in terms of volumes than last year, but still significant, strongly linked to the use of cash and generated in particular by undeclared work and the undeclared. This is the result of a study carried Email List out by Visa Europe (“The Shadow Economy in Europe, 2013 - Using electronic payment systems to combat the shadow economy), which emphasizes the use of electronic payments as a lever to combat the phenomenon.
A sad record: Italy third in Europe The study estimates the Email List shadow economy in a range that goes from 8-10% of GDP in Switzerland, Austria, the Netherlands and the United Kingdom to 30% of GDP in Bulgaria, Croatia, Lithuania and Estonia. Excluding Eastern Europe, Email List the underground economy in Italy represents the third highest level in Europe (just after Turkey and Greece), accounting for around 21% of the country's GDP, for a value of 333 billion euros.