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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 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.
The main thing international businesses want to see from the UK government, just so happens to be the one thing that just is not going to happen at any point soon.
Forty-three per cent of respondents to the latest FT/Economist Global Business Barometer said that committing Britain to staying in the EU was in the top three most important things the new government could do for business. Read more
This is a guest post by Professor Sir Nigel Shadbolt, Chairman and Co-Founder, Open Data Institute
The UK is a world leader in open data. Open data is data that is published for anyone to use for any purpose at no cost. Open data about transport, spending, health, crime, the environment, mapping and much more is now freely available from the UK government. We are also seeing companies release some of their data as open data. Open data is not usually personal data unless it is released as aggregate or anonymised data that does not identify an individual. 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
Last week we looked at the top goalscorers in modern European football, focusing on the importance of remaining injury free for those who go on to become true greats.
This time around we’re taking a different view of the same data to tell another side to the story: the important distinction between a clinical finisher and a reliable source of goals. Read more
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.
After a month of silence from the Bank of England as a result of purdah – the constitutionally imposed pre-election quiet period for public bodies – front row seats for Wednesday’s inflation report are at a premium. Read more
Before Labour tear themselves apart trying to figure out how to proceed from the general election result it’s worth taking a look at how the voters behaved.
The data suggests that Labour’s problems are far more nuanced than a one dimensional disagreement about economic positioning, but reflect deeper structural shifts that can be seen right across Europe. Read more
A network analysis of the Twitter conversations about the general election sheds some light on the hype around Labour in the run-up to the big day. Read more