San Marino vs. Italy

Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy is a charter member of NATO and the European Economic Community (EEC) and its subsequent successors the EC and the EU. It has been at the forefront of European economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include sluggish economic growth, high youth and female unemployment, organized crime, corruption, and economic disparities between southern Italy and the more prosperous north.

regional risks include landslides, mudflows, avalanches, earthquakes, volcanic eruptions, flooding; land subsidence in Venice

volcanism: significant volcanic activity; Etna (3,330 m), which is in eruption as of 2010, is Europe's most active volcano; flank eruptions pose a threat to nearby Sicilian villages; Etna, along with the famous Vesuvius, which remains a threat to the millions of nearby residents in the Bay of Naples area, have both been deemed Decade Volcanoes by the International Association of Volcanology and Chemistry of the Earth's Interior, worthy of study due to their explosive history and close proximity to human populations; Stromboli, on its namesake island, has also been continuously active with moderate volcanic activity; other historically active volcanoes include Campi Flegrei, Ischia, Larderello, Pantelleria, Vulcano, and Vulsini

15 regions (regioni, singular - regione) and 5 autonomous regions (regioni autonome, singular - regione autonoma)

regions: Abruzzo, Basilicata, Calabria, Campania, Emilia-Romagna, Lazio (Latium), Liguria, Lombardia, Marche, Molise, Piemonte (Piedmont), Puglia (Apulia), Toscana (Tuscany), Umbria, Veneto;

autonomous regions: Friuli Venezia Giulia, Sardegna (Sardinia), Sicilia (Sicily), Trentino-Alto Adige (Trentino-South Tyrol) or Trentino-Suedtirol (German), Valle d'Aosta (Aosta Valley) or Vallee d'Aoste (French)

San Marino's principal legislative instruments consist of old customs (antiche consuetudini), the Statutory Laws of San Marino (Leges Statutae Sancti Marini), old statutes (antichi statute) from the1600s, Brief Notes on the Constitutional Order and Institutional Organs of the Republic of San Marino (Brevi Cenni sull'Ordinamento Costituzionale e gli Organi Istituzionali della Repubblica di San Marino) and successive legislation, chief among them is the Declaration of the Rights of Citizens and Fundamental Principles of the San Marino Legal Order (Dichiarazione dei Diritti dei Cittadini e dei Principi Fondamentali dell'Ordinamento Sammarinese), approved 8 July 1974

Governing Coalition:
Five Star Movement or M5S [Vito CRIMI, acting leader]
League or Lega [Matteo SALVINI]

Left-center-right opposition:
Democratic Party or PD [Enrico LETTA]
Forza Italia or FI [Silvio BERLUSCONI]
Brothers of Italy [Giorgia MELONI]
Free and Equal (Liberi e Uguali) or LeU [Pietro GRASSO]
More Europe or +EU [Emma BONINO]
Popular Civic List or CP [Beatrice LORENZIN]

Other parties and parliamentary groups:
Possible [Beatrice BRIGNONE]
Us with Italy [Raffaele FITTO]
South Tyrolean People's Party or SVP [Philipp ACHAMMER]
Trentino Tyrolean Autonomist Party (Partito Autonomista Trentino Tirolese) or PATT [Franco PANIZZA, secretary]
Article One or Art.1-MDP [Roberto SPERANZA]

San Marino's economy relies heavily on tourism, banking, and the manufacture and export of ceramics, clothing, fabrics, furniture, paints, spirits, tiles, and wine. The manufacturing and financial sectors account for more than half of San Marino's GDP. The per capita level of output and standard of living are comparable to those of the most prosperous regions of Italy.

San Marino's economy contracted considerably in the years since 2008, largely due to weakened demand from Italy - which accounts for nearly 90% of its export market - and financial sector consolidation. Difficulties in the banking sector, the global economic downturn, and the sizable decline in tax revenues all contributed to negative real GDP growth. The government adopted measures to counter the downturn, including subsidized credit to businesses and is seeking to shift its growth model away from a reliance on bank and tax secrecy. San Marino does not issue public debt securities; when necessary, it finances deficits by drawing down central bank deposits.

The economy benefits from foreign investment due to its relatively low corporate taxes and low taxes on interest earnings. The income tax rate is also very low, about one-third the average EU level. San Marino continues to work towards harmonizing its fiscal laws with EU and international standards. In September 2009, the OECD removed San Marino from its list of tax havens that have yet to fully adopt global tax standards, and in 2010 San Marino signed Tax Information Exchange Agreements with most major countries. In 2013, the San Marino Government signed a Double Taxation Agreement with Italy, but a referendum on EU membership failed to reach the quorum needed to bring it to a vote.

Italy's economy comprises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors.

Italy is the third-largest economy in the euro zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, reaching 131% of GDP in 2017. Investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy's economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy's economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%. GDP growth is projected to slow slightly in 2018.

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well-developed, fully automated telephone, and data services; among highest mobile penetration rates in Europe; benefitted from progressive government programs aimed at developing fiber in broadband sector; leading edge of development with 5G in six cities; fiber network reaches more than half of population; Milan developing smart city technology; importer of broadcasting equipment and computers from China (2021)

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Italy's long coastline and developed economy entices tens of thousands of illegal immigrants from southeastern Europe and northern Africa