"I think that I close already 2 business in Italy due to the economic crisis, the fiscal pressure when I left Italy was about 65% (not it is more) and in the first year I went there the 30% of the shop in my city have closed (now it would much more)
Even without reading I can tell you that opening a business there now is a suicide. "
Also, there are a few interesting tax incentives that are finally available. For example, a law passed last month introduced 25% and 50% tax credits (depending on the expense category) on R&D investments, including labour costs for "highly trained" (MSc or PhD) workers.
Sure, Italian bureaucracy is not straightforward for a foreigner and you'll need to speak the language, but generalisations like that quoted above are misleading exaggerations.
Italians, especially expats (I am one), tend to victimise themselves and to reason with stereotypes. The "even without reading" part sounds like that.
There's no good reason to open in Italy, especially when in EU you can open in many other places which are much cheaper and easier to deal with.
now, think all the good engineers you can hire for cheap and churn out products for the US market.