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
Our new unemployment tracker shows the latest jobs data across the European Union, including top-line figures for each country’s constituent regions. The most recent figures are for September 2014.
You can also download the latest data using the link beneath the graphic. Read more
Renewables outstripped lignite, the most polluting form of coal, as Germany’s top power source for the first time ever in 2014.
This was a big milestone for the country’s energy transition, or Energiewende, which aims to use renewables for 80 per cent of Germany’s energy needs by 2050, and to stop using nuclear energy by 2022. Read more
The European Central Bank on Sunday released the long-awaited results of its stress test.
The test, conducted on 130 euro area lenders, requires banks to have common equity tier one ratios of more than 5.5 per cent even under a “adverse scenario” of falling economic output, rising unemployment and declining house prices.
The stress test found 25 banks had capital shortfalls under the adverse scenario applied to banks’ balance sheets as of the end of 2013. However, that number fell to 13 once capital raised by the banks in 2014 was taken into account.
This sortable table shows a summary of the results of the stress test, including any shortfall after net capital raised since December 2013 is taken into account. Read more
by Gavin Jackson and Keith Fray
On Tuesday the International Monetary Fund released its latest World Economic Outlook. A striking new finding emerges: the seven largest emerging markets are now bigger, in gross domestic product terms, than the long established G7 group of industrialised nations, when measured at purchasing power parity (PPP). Read more
No one knows how many Chinese people live in Europe.
The United Nations estimated Europe’s China-born population at 886,882 in 2010, its most recent count, while Chinese-based social scientists put it somewhere between 2m and 3m.
Why, in the age of big data, is there so much uncertainty where our neighbours are from? Read more
This weekend the FT Weekend Magazine publishes its first guide to all things gastronomic in the French capital. All the articles – on fine dining, natural wine bars, street markets, specialist coffee hangouts, food politics and more – can be found on the magazine’s website.
The interactive map below shows the locations of more than 100 restaurants, bars, shops and cafes listed in the magazine.
The price of salad is about to jump after prices for olive oil, lettuce and tomatoes have soared following a lengthy drought in Spain. Read more