The heavy lifting is done – time to buy Italian stocks

Italy may look like it's in a desperate mess, but a closer look reveals a very different story. Investors should buy in now with this fund.

At first glance, Italy would hardly seem like a dream destination for investors. Its economy is shrinking and progress on structural reforms to boost competitiveness has been slow. And that's to say nothing of its dysfunctional politicians. Nonetheless, it's worth looking below the surface.

Compared to the other troubled states, Italy is in good fiscal shape. While the overall debt pile is huge at 120% of GDP, its deficit the annual addition to its debt pile is under control.

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