On Wednesday, Greek prime minister Alexis Tsipras told Reuters that the country could beat expectations and report an expansion in 2016.
The consensus among economists is that the Greek economy will expand in 2017, and in their latest Economic Outlook the OECD also stated that “growth is projected to turn positive in the second half of 2016”. Positive trends are already visible, yet it might be too soon to call this the beginning of a recovery. Read more
A recent earthquake reduced large parts of central Italy to a pile of rubble and killed almost 270 people. Though shallow, the tremor was felt in buildings as far as Rome and Florence. At 6.2 magnitude, it was the second strongest in 35 years on the peninsula.
Italy’s position close to the boundary of two tectonic plates makes it more prone to devastating quakes than any other European country. Not only do barely perceptible minor tremors occur frequently, but Italy has regularly suffered from major quakes that take lives. Here, we look at how the death toll from earthquakes in Italy compare to other Southern European regions over the last century.
Italy’s unemployment rate rose to 11.6 per cent in June. Although this is a marginal rise, it is worrying for a country that is struggling to recover after multiple recessions and weak growth.
Yet there are reasons to remain optimistic. Read more
Going in to the race, Froome’s imperial guard of Mikel Landa, Mikel Nieve, Wout Poels, Sergio Henao and Geraint Thomas had four mountain stage wins and seven top-ten general classification finishes in grand tours, as well as more than a dozen other victories in road cycling’s second tier of races. In almost any other team, any of these riders would be a team leader. Read more
Bad debt has piled up for years, notably in the construction sector Read more
House prices in the EU rose at an annual rate of four per cent in the first quarter of this year, but with big variations. The UK persistently shows strong price rises, while the trend was flat in France and house prices continue to shrink in Italy.
The European Football Championships are upon us, and with them an eclectic mix of prediction models from media organisations, financial institutions and independent statisticians. To assuage our FOMO (fear of missing out, for the non-Millennials), the FT has joined in with one of our own.
Spain are favourites to lift the trophy, narrowly ahead of Germany and hosts France, based on our method which uses Champions League appearances and players’ market values to determine each team’s strength. This trio of teams comes in well ahead of the other 21 countries taking part.
Read on for details of the model and how it compares to the betting markets. Read more
This week the European Commission let Italy off the hook, granting the country extra flexibility – to the tune of 14 billion euros – in its debt reduction targets for 2016.
The extra “flexibility” includes allowances for investments (0.25 per cent of GDP), for the refugees crisis (0.04 per cent of GDP) and for extra security measures (0.06 per cent of GDP). In return the Commission wants a ‘clear and credible commitment’ from Italy that the country will respect its budget targets in 2017. Read more
Last year things were looking up in Italy. Employment, a sore subject after the international crisis, was growing and the unemployment rate began to fall in 2015 .
But in the last few months this progress flattened. What’s happened? Read more
As the world faces a slowdown in economic growth, we look at what is happening in France and it’s not looking good.
France is one of the worst performing economies in Europe Read more
PSG are so far ahead of their domestic rivals that manager Laurent Blanc has been able to field weakened sides ahead of big Champions League matches at a rate unmatched by any other quarter-finalist, ensuring that his strongest side has been as well-rested as possible. Read more
England’s Premier League is enjoying one of its most competitive seasons for years, but at the same time the league is without a club in Europe’s top 10 for the first time in 20 years.
The interplay between competitive balance and outright quality of football is a complex one, and depending on who you talk to, different levels of importance are placed on each when it comes to talk of which league is the best. Read more
The value of cross border merger and acquisition deals in Italy reached a new high in 2015 at over $50bn. Italian companies were the most targeted by foreign acquisitions in the European Union after the UK, along with France. Read more
Wealth disparities within EU countries were narrowing prior to the 2008 crisis, but since then the poorer regions have stopped catching up with the wealthiest ones.
“European countries converge at national level, but at the cost of a rising divergence within the countries” explain Joaquim Oliveira Head of the OECD Regional Development Policy Division in an interview with the FT. Read more
About two in three women aged 25 to 64 years old are in employment in the European Union, the highest proportion since the data series began 23 years ago. However, the EU average conceals considerable variation between regions.
Employment is growing in the Eurozone. There were nearly 3 million more people in employment in the third quarter of 2015 than there were two years before. Read more
How do standard of play and level of competition vary across Europe’s top leagues, and can this tell us which provides the best football?
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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 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