The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be
It's a PERCEPTIONS rank.
"Very serious problems with crime" compared to what?
Italy's got a lot of problems. But it's not Brazil, not by a long shot.
Italy's problem is bureaucracy and outright laziness far more than corruption or crime. And the fact that you can't fire anyone.
Please, we've even got members of the Parliament who have been convicted for mafia issues!!
As stated by gruturo the real problems are taxes, inadequate laws, infrastructure (for example cable connection is scarce even in the bigger cities) and finally economic issues.
I was born in Italy and I love my country, but I had to move to a different country to be able to work and being payed for my work.
Corruption, together with bureaucracy, is amongst the most severe problems that Italy has. The fact that now it's almost impossible to tell the difference and there a mixture of bad behaviour at any level of any position of power.
It is a BIG, HUGE issue, but not the main one ruling out housing business in Italy.
The main issue right now is the myopic political view driving the economy.
And btw, "bureaucracy" is not a bad thing per se! See: http://en.wikipedia.org/wiki/Bureaucracy
[edit: added link]
And too many idiots thinking that stamps and signatures and certificates have magical powers and prevents the real ill-intentioned people from doing anything (we could say bureaucracy is the DRM for real life). Also people making use of their position as to gain personal power.
You have a point in saying that bureaucracy is not a bad thing per se, in both the original acception of the word and in some places, like in Germany it "mostly" works.
I'm Italian too, live in Italy, and I'm really sick of this ill-informed self-disparaging attitude from so many Italians. There are millions of Italians who will say "I haven't personally never been touched by this, I don't even know anybody who was personally touched by it, but I know this, because... well, just because, everybody knows it".
Are there corruption and crime in Italy? Yes, of course. But, except for some areas in the South, they are nowhere as prevalent as so many people seem to think.