Yes, there is ample room for improving things further in Italy, but I think: if I was able to do that, what could be accomplished if more people tried? Especially people with money/power/connections/etc... Heck, my Italian is good, but I'm not even a native speaker!
with a traditional S.R.L., 10k€ is the minimum capital of the company, but you don't actually need all of it to get started. A S.R.L. only needs 25% of its capital to get started, so you need at a minimum 2500€, which your newborn company will spend anyway in its first month, to pay the notary and the registration fees. Of course if you go bankrupt you still need to pay the remaining 75% of the capital to pay your debts.
Overall, the new form of reduced-capital S.R.L. will make you save around 1500€ for the notary, but it remains quite onerous, especially time-wise, because of all the bureaucracy you need to go through.