House prices in Europe were 2.5 per cent higher in the first quarter of this year compared to 2014; the fastest annual increase since the start of 2008. Read more
A fifth of all Greeks and a third of Greek youths are now considered severely materially deprived; this means they cannot afford to take a holiday, meet unexpected financial burdens or even eat a meal of meat or fish every second day. These proportions have both doubled since the start of the financial crisis and are now the highest in Western Europe. Pre-crisis youth deprivation in Greece was below the European average, now it’s nearly three times higher.
Expected years in retirement have been rising in advanced countries. Men who retired in 2012 should have 18 years, slightly up from 2000. People have been retiring later, but life expectancy has risen as well
Greece had the largest improvement in fiscal deficit as a proportion of GDP among advanced countries over the past six years. It now ranks better than France, the UK and Spain, despite a fall in GDP of more than 20 per cent in the same period.
More than half of asylum applications in the EU were in Germany and Hungary in the first quarter this year. The number rose nearly 30 per cent compared with the previous quarter with Kosovans being the main nationality in both countries.
On the 21st of June, the UK Department of Health announced that from September 2015 babies aged over 2 months will be offered the MenB vaccine, which protects against meningococcal B disease. The MenB programme means that England is the first country in the world to begin national and publicly funded Men B immunisation.
A surprisingly high number of people in the large eurozone economies would like to revert to their own currency, although this proportion has been decreasing. In Italy over a third want to return to the lira
Keith Fray and Valentina Romei
During the six years from 2007 to 2013 the annual output of the Greek economy fell by more than 26 per cent. On the FT’s statistics desk we wanted to know how that fall ranked compared with sustained periods of economic retrenchment and dislocation in other countries. Read more
The number of hours worked per person in employment has fallen in most advanced countries since the financial crisis. The UK is among the few countries where the shift toward shorter-hours employment has been reversed. Read more
In the last week, much of the discussion around Greece’s travails has been around the need for further modernisation and progress made since the crisis. On one side the economist Francesco Giavazzi emphasised the continued need for structural reforms, while Karl Whelan stressed the huge improvements made by the Greek government in terms of reforms, public spending and fiscal consolidation.
Measuring a country’s level of “modernity” is not easy, but the following charts attempt to show how Greece compares and what has changed since the financial crisis. Read more
Only 45 per cent of Greeks felt like they were citizens of the EU when last surveyed, the lowest share of any member country. Britons and Italians follow closely behind, with roughly only half of those surveyed feeling like EU citizens. Read more
Leo and his mother walk past a primary school in South-East London, just around the corner from their house. The 4 year-old asks why he is not attending that school, as they still have to walk another five minutes to the bus station, spend 40 minutes on the bus and then walk another five minutes to reach the school he actually attends.
Connections with family and friends are the most popular route to a job in Spain, with close to half of Spaniards and two-thirds of foreigners using this method. Only a small proportion used job agencies.
“The good school” is the title of the reform to the Italian educational system proposed by the Prime Minister Matteo Renzi that was approved by the lower chamber of parliament on the 20th of May and that now needs to be approved by the upper chamber in the next few weeks.
In the words of the Ministry of Education Stefania Giannini the reform is aimed at improving “autonomy, transparency, responsibility, fair valuation and merits” in the educational system. The reforms involve funding for hiring thousands of temporary teachers on permanent contracts, more training, the introduction of a one year trial for new teachers and larger school autonomy among other – sometimes controversial – measures. Read more
The growth in Chinese import has been slowing since the start of 2011 and actually contracted in the first months of this year due to falling demand and lower commodity prices.
Gross domestic product (GDP) – the product generated in a country- is similar to the gross national product (GNP) – the income of the country’s residents, in most countries.
Elena is a 26 year old Italian woman with a degree in child psychology who has been working in London as a nursery teacher for nearly a year. She moved to the UK after months spent looking in vain for a job in Tuscany, a region where the unemployment rate, at 7.9%, is well below the Italian average of 11.3%.
But Elena is not counted among more than 16,000 Italians that moved to the UK, according to official statistics updated for the FT by the Italian Ministry of Interior. These numbers are based on the registry of Italians living abroad (AIRE). Elena has a vague knowledge of this register but decided not to sign up for fear of losing important rights and services (including healthcare) in her home country. Read more
Chinese exports increased by 4.3 per cent in December compared to the same month last year, while imports rose by 8.3 per cent. That gave China a total of $4.16tn in combined exports and imports in 2013, a figure that the US will find difficult to match. This leaves no doubt that China, the world’s second-biggest economy, is now the world’s biggest trading nation on an annual basis.
Chinese and US trade values were similar in 2012, slightly larger for China according to their respective national data but slightly bigger for the US according to the World Trade Organisation and the International and Monetary Fund. Read more