Market Risk Index 120 Amundsen Sea 90 60 30 0 30 60 90 120

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Market Risk Index 120 Amundsen Sea 90 60 30 0 30 60 90 120 COUNTRY RISK MAP 2010 150 120 90 60 30 0 30 60 90 120 150 180 ARCTIC OCEAN FRANZ JOSEF ARCTIC OCEAN LAND SEVERNAYA ARCTIC OCEAN ZEMLYA Ellesmere Island QUEEN ELIZABETH Longyearbyen NEW SIBERIAN ISLANDS Svalbard NOVAYA Kara Sea ISLANDS Greenland Sea ZEMLYA Laptev Sea Banks (NORWAY) Barents Sea Island Greenland East Siberian Sea Beaufort Sea Ban Wrangel (DENMARK) Island Victoria Bay Island Ban Jan Mayen Norwegian Chukchi (NORWAY) Island Sea Sea Arctic Circle (66°33') Arctic Circle (66°33') NORWAY Great Nuuk ICELAND White Sea U. S. Bear Lake (Godthåb) SWEDEN Provideniya Davis Denmark Strait Reykjavík Faroe Islands FINLAND Lake Strait (DEN.) Gulf R U S S I A Tórshavn of Ladoga Lake Great Bothnia Onega Slave Lake Hudson Oslo Helsinki 60 60 Bay Stockholm Tallinn Gulf of Alaska Rockall EST. Labrador (U.K.) Baltic Bering Sea Riga S North Sea LAT. Sea DENMARK Moscow Sea Copenhagen LITH. Lake RUSSIA Sea of C A N A D A UNITED Vilnius Baikal S Minsk N D Dublin Isle of KINGDOM S Okhotsk LA Man IS (U.K.) BELARUS T IA N Lake IRELAND Amsterdam Berlin Warsaw U.S. LE U Winnipeg Kamchatskiy A NETH. Astana Sakhalin A Island of L D S London Brussels POLAND E U T A N GERMANY Prague Kyiv I A N I S L Newfoundland Celtic BELGIUM LUX. Sea Guernsey (U.K.) Luxembourg CZECH REP. U K R A I N E Jersey (U.K.) SLOVAKIA Gulf of Paris Vienna Bratislava S K A Z A K H S T A N Ulaanbaatar KURIL Lake St. Lawrence LIECH. MOLDOVA Lake AUSTRIA Budapest Chisinau Lake Balkhash ISLANDS Superior FRANCE Bern SLOVENIA HUNGARY ROMANIA S Huron SWITZ. Ljubljana Sea of Aral S M O N G O L I A St. Pierre Belgrade Azov Sea Lake Ottawa and Miquelon Bay of Zagreb CROATIA Bucharest SAN Michigan (FRANCE) Biscay BOS. - HER. S Occupied by the SOVIET UNION in 1945, Halifax ITALY MARINO SERBIA S S Lake Ontario MONACO Sarajevo administered by RUSSIA, claimed by JAPAN Pristina S S Black Sea GEORGIA S S ANDORRA S KOS. Soa BULGARIA Caspian Bishkek N O R T H MONT. Tbilisi Tashkent Lake Erie Corsica Tirana Skopje Instanbul Sea KYRGYZSTAN (FR.) Rome MACEDONIA PORTUGAL Madrid VATICAN ALB. ARMENIA AZERBAIJAN Beijing NORTH KOREA N O R T H CITY GREECE Ankara TURKMENISTAN UZBEKISTAN Sea of Japan Sardinia Yerevan Baku SPAIN Balearic (IT.) S Pyongyang (East Sea) P A C I F I C N O R T H Islands S T U R K E Y Dushanbe U N I T E D S T A T E S Washington DC Lisbon (SP.) S S JAPAN Azores TAJIKISTAN Seoul P A C I F I C Algiers Sicily Athens Ashgabat (PORT.) (IT.) SOUTH Indian A T L A N T I C Gibraltar (U.K.) Tunis MALTA KOREA O C E A N Valletta IRAQ Tehran 1972 claim Tokyo Ceuta (SP.) CYPRUS Line of Control Yellow Melilla TUNISIA Crete Nicosia SYRIA Kabul O C E A N (SP.) Mediterranean Sea Madeira Rabat (GR.) LEBANON AFGHANISTAN Line of C H I N A Baghdad Islands Beirut Damascus Actual Bermuda Sea Control O C E A N (PORT.) Tripoli WEST BANK AND GAZA Islamabad (U.K.) S S N A M P O - S H O T S Amman S ISRAEL I R A N MOROCCO Cairo Jerusalem PAKISTAN S S JORDAN D 30 Canary Islands (J - 30 KUWAIT S New N AP (SP.) East China Kuwait Delhi A AN BHUTAN A L G E R I A S L NEPAL Sea ) S ) L I B Y A Kathmandu I Thimpu N BAHRAIN Okinawa SAUDI Persian A Midway O - E G Y P T OMAN P Manama Gulf A Islands THE Abu U J Gulf of Mexico Nassau Western ARABIA S Y ( Doha Dhabi Marcus Island (U.S.) Gulf of Oman K BAHAMAS S BANGLADESH U (JAPAN) Sahara Riyadh QATAR Dhaka S Y Tropic of Cancer (23°27') MEXICO UNITED ARAB Muscat TAIWAN R Tropic of Cancer (23°27') Havana Turks and EMIRATES Jamshedpur HAWAIIAN ISLANDS S Caicos Islands (U.K.) Red Hong Kong CUBA Hanoi S.A.R. Honolulu British Virgin Sea OMAN Macau Luzon S DOMINICAN Islands MAURITANIA S MYANMAR S.A.R. Cayman Is. REPUBLIC (U.K.) I N D I A LAOS Strait Wake Island U.S. Mexico (U.K.) S Port-au- Anguilla (U.K.) S Nay Pyi Gulf of Philippine (U.S.) Prince S S Tonkin Hainan Northern JAMAICA ST. KITTS AND NEVIS S Taw Vientiane Islas M A L I Dao Mariana Kingston HAITI Santo Puerto ANTIGUA AND BARBUDA Revillagigedo BELIZE Nouakchott YEMEN Sea Islands Belmopan Navassa Domingo Rico Rangoon PARACEL (MEXICO) Island Guadeloupe (FR.) ISLANDS (U.S.) Johnston Atoll (U.S.) (U.S.) N I G E R ERITREA CAPE VERDE Khartoum Bay of (U.S.) HONDURAS S Montserrat DOMINICA Asmara THAILAND Saipan GUATEMALA (U.K.) Dakar CHAD VIETNAM Manila Tegucigalpa Caribbean Sea Martinique (FR.) SENEGAL Sanaa Guatemala S Praia Niamey S U D A N Bengal Bangkok Guam Aruba ST. VINCENT AND ST. LUCIA Banjul BURKINA Andaman Hagåtña San Salvador THE GRENADINES Bamako Arabian Bengaluru Chennai South China (U.S.) (NETH.) BARBADOS FASO S Islands CAMBODIA PHILIPPINES EL SALVADOR NICARAGUA S Neth. Antilles THE GAMBIA N'Djamena S Gulf of Aden (NETH.) (INDIA) Sea Managua GRENADA S Bissau Ouagadougou DJIBOUTI Socotra Djibouti Calicut Coimbatore Phnom MARSHALL Caracas Port-of-Spain GUINEA-BISSAU NIGERIA (YEMEN) Sea Andaman GUINEA BENIN Lakshadweep Penh FEDERATED STATES OF MICRONESIA San José TRINIDAD AND Addis Madurai Sea ISLANDS Clipperton Island Conakry Abuja SOMALIA (INDIA) Cochin Gulf of TOBAGO S CÔTE Ababa (FRANCE) COSTA Panama Freetown TOGO Thailand SPRATLY S D'IVOIRE GHANA CENTRAL ISLANDS RICA S S ETHIOPIA PANAMA SIERRA Yamoussoukro AFRICAN REPUBLIC Laccadive Colombo Melekeok Palikir Majuro Kingman Reef (U.S.) Georgetown Nicobar S Isla del Coco LEONE Lomé VENEZUELA Paramaribo CAMEROON S Sea SRI Islands Palmyra Atoll (U.S.) (COSTA RICA) GUYANA S Monrovia Accra Porto- S Bandar Seri Isla de LANKA (INDIA) Begawan PALAU Malpelo Bogota French Guiana LIBERIA Novo Bangui (COLOMBIA) SURINAME Cayenne (FRANCE) Male Kuala BRUNEI S Malabo S MALDIVES S Lumpur COLOMBIA S Celebes Sea Yaounde M A L A Y S I A Kiritimati Penedos De Gulf of Guinea UGANDA (Christmas Island) S Mogadishu S Singapore Tarawa Howland Island Galapagos São Pedro E São Paulo SAO TOME AND PRINCIPE (U.S.) (KIRIBATI) Quito (BRAZIL) Kampala KENYA SINGAPORE Equator Islands Equator Sao Tome Libreville REP. OF Equator Baker Island (U.S.) 0 DEMOCRATIC 0 Jarvis (ECUADOR) THE NAURU GABON Nairobi Yaren Island ECUADOR REPUBLIC S Arquipélago de Annobon CONGO RWANDA Kigali District (U.S.) S (EQUA. GUI.) Lake K I R I B A T I Fernando de Noronha OF THE CONGO Victoria S Jayapura (BRAZIL) Brazzaville Bujumbura S BURUNDI Victoria British Indian I N D O N E S I A Kinshasa S Ocean Territory Java Sea PAPUA S ANGOLA SEYCHELLES Jakarta Banda Sea (Cabinda) (U.K.) SOLOMON Ascension Lake Dar es Salaam NEW GUINEA Tanganyika S K I R I B A T I (St. Helena) TANZANIA Diego ISLANDS S Dili Îles Marquises EQUATORIAL GUINEA Luanda Garcia Arafura Funafuti (Fr. Poly.) S PERU TIMOR-LESTE Sea TUVALU Tokelau B R A Z I L Lake Port Honiara (N.Z.) Nyasa Glorioso Islands Christmas Island Moresby S Moroni S (FRANCE) (AUSTL.) Timor Lima ANGOLA Ashmore and Sea Wallis and S COMOROS Cocos Gr Cartier Islands e Futuna SAMOA Mayotte (Keeling) Islands a (AUSTL.) t Cook Islands Lilongwe (administered by FRANCE, Gulf of S Mata-Utu ZAMBIA (AUSTL.) Coral (N.Z.) Lago St. Helena MALAWI claimed by COMOROS) Tromelin Island Carpentaria (FRANCE) S O U T H Lusaka I N D I A N B Titicaca BOLIVIA Brasilia (St. Helena) (FRANCE) a r Juan de Nova ri Sea FIJI Archipel Des Tuamotu La Paz e (Fr. Poly.) Island (FR.) r VANUATU Society Papeete Harare S A T L A N T I C MOZAMBIQUE Coral Sea Islands O C E A N Re Islands Port-Vila Antananarivo e Suva (Fr. Poly.) ZIMBABWE Mozambique f (AUSTL.) Martin Vaz Port Louis F r e n c h P o l y n e s i a (BRAZIL) Channel Saint- New NAMIBIA Bassas Denis Trindade O C E A N da India MADAGASCAR MAURITIUS Caledonia Nuku'Alofa (FRANCE) (BRAZIL) (FRANCE) Reunion (FRANCE) Windhoek BOTSWANA Europa (FRANCE) TONGA PARAGUAY Island Noumea Tropic of Capricorn (23°27') Sao Paulo (FRANCE) Tropic of Capricorn (23°27') Îles Tubuai Gaborone (Fr. Poly.) Adamstown Asunción Pitcairn Islands Isla Sala y Gómez Isla San Felíx Pretoria (CHILE) Maputo (U.K.) (CHILE) St. Helena Isla San Ambrosio Johannesburg Mbabane A U S T R A L I A S Norfolk S O U T H Easter Island (CHILE) (U.K.) SWAZILAND (CHILE) LESOTHO Island (AUSTL.) SOUTH Maseru P A C I F I C 30 30 CHILE ARGENTINA AFRICA Lord Howe O C E A N S URUGUAY Island (AUSTL.) Santiago Buenos Aires Archipiélago Canberra Juan Fernández Montevideo (CHILE) Île Amsterdam Great Australian (Fr. S. and Ant. Lands) TRISTAN DA CUNHA (St. Helena) Bight NEW Île Saint-Paul (Fr. S. and Ant. Lands) ZEALAND Gough Island Tasman Sea 180 Tasmania Wellington S O U T H (St. Helena) French Southern and Antarctic Lands P A C I F I C (FRANCE) O C E A N Prince Edward Îles Crozet Falkland Islands (Fr. S. and Ant. Lands) Islands Auckland Snares Islands (Islas Malvinas) (SOUTH AFRICA) Islands (N.Z.) (administered by U.K., Îles Kerguelen (N.Z.) claimed by ARGENTINA) (Fr. S. and Ant. Lands) Stanley Heard Island and Bouvet Island McDonald Islands Campbell (NORWAY) (AUSTL.) Island (N.Z.) Macquarie Scotia Sea South Georgia and the Island South Sandwich Islands (AUSTL.) (administered by U.K., 150 claimed by ARGENTINA) Drake 60 Passage 60 S O U T H E R N O C E A N S O U T H E R N O C E A N S O U T H E R N O C E A N Antarctic Circle (66°33') Antarctic Circle (66°33') Amery Ice Shelf Bellingshausen Sea A n t a r c t i c a Weddell Sea 150 Market Risk Index 120 Amundsen Sea 90 60 30 0 30 60 90 120 Total Exposure (by area, December 31, 2009) Italian Exports in 2009 - Main Markets (by area) Operational Risk Indicators 2010 Election Calendar Area Mln € % of total Italian exports H3 Political risk Doing Business 2010 Economic Freedom 2010 Corruption 2009 Month Country Parliamentary Presidential EU 27 January (The World Bank) (The Heritage Foundation) (Transparency International) Chile x Germany 36,827 12.7 Croatia x EU 27 28.4% Country
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