The message from Benedetto Della Vedova, the undersecretary of Italy's Ministry of Foreign Affairs and International Cooperation, is, "Italy is back."

Many key economic benchmarks have shown signs of recovery this year. The 2015 GDP growth rate is expected to be 0.9 percent and rise to 1.6 percent in 2016, bringing Italy back in line with Eurozone growth rates for the first time in five years.

The unemployment rate was 11.9 percent in August, the lowest since February 2013, while private consumption rose by 2.1 percent in July from a year ago and exports rose 6.3 percent, compared with a 6.1 percent increase for Germany and 3.1 percent for France over the same time period.