Tuesday

16th Jan 2018

North-South economic divide in Europe confirmed by poll

A deep North-South economic divide in Europe was confirmed in a fresh economic survey published on Tuesday (9 August).

In the survey, conducted pre-Brexit, more than eight-in-ten in Greece, France and Spain described their country’s economic situation as bad, while most Swedes, Germans and Dutch said their economy is doing well, according to the new Pew Research Center survey.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

Greeks stand out as the least happy nation, only 2% said the Greek economy was doing well.

In order to change the current divide Greek prime minister Alexis Tsipras last week was reported to be seeking interest to form an alliance of Southern European EU states to counter the stance of Northern Europe countries.

The north-south malaise was also highlighted in figures recently cited by Financial Times' Martin Wolf, showing between 2007 and 2016, real GDP per head is forecast to rise 11 per cent in Germany, stagnate in France and fall by 8 per cent and 11 per cent in Spain and Italy respectively.

In seven of ten European countries surveyed by Pew roughly half or less saw their country’s economic situation as good, with only 12% in France and 13% in Spain giving their economy a positive rating.

In contrast, Northern Europeans in general were more positive about their economic situation.

Swedes and Germans appeared the most confident in their respective economies among the European Union countries surveyed; 76% in Sweden and 75% in Germany said the economic situation was good. Roughly six-in-ten (61%) in the Netherlands also expressed this view.

British and Polish views were much more positive than three years ago, according to the PEW survey, as many as 49% of the Poles and 47% of the Brits said the current economic situation was good.

The survey also revealed a gender gap, men overall seeing the economic situation as better than the woman. In the UK, 52% of men saw the economic situation as good, whereas only 43% of British women felt the same.

Similarly, in Germany, France and Spain there is an 8-point gender gap, with men feeling more positively about the country’s economy than their female counterparts.

Across the Atlantic, a modest 44% of Americans currently think the US economic situation is good, while the Chinese (87%) and Indians (80%) were positively rosy about their countries’ economies, while in Japan only 30% were confident in the economy.

The survey was conducted by Pew Research Center, in 16 countries among 20,132 respondents from 4 April to 29 May 2016, prior to the United Kingdom’s Brexit referendum to exit the EU.

Italy presents anti-austerity roadmap

In a document published Monday, Matteo Renzi's government calls for growth policies and cost sharing of the migrant crisis.


Dutch to attack German and French budget deficits

On Monday, The Netherlands repeated its harsh criticism of the large budget deficits of Germany and France. In a TV interview, German finance minister Hans Eichel admitted that it will be very difficult to get the country's budget deficit under three percent in 2004

Eurozone activity high after Brexit

Economic activity reached a seven-month high in August in the eurozone, but manufacturing and employment show signs of weakness. In the UK, exports have helped manufacturing activity.

German coalition deal aims for 'Macron-lite' EU renewal

Merkel and Schulz clear the first hurdle of coalition talks, but the SPD's full membership backing is still needed. The likely coalition parties express support for Macron's eurozone reform ideas, but remain cautious.

Stakeholders' Highlights

  1. ILGA EuropeFreedom of Movement and Same-Sex Couples in Romania – Case Update!
  2. EU2017EEEstonia Completes First EU Presidency, Introduced New Topics to the Agenda
  3. Bio-Based IndustriesLeading the Transition Towards a Post-Petroleum Society
  4. ACCAWelcomes the Start of the New Bulgarian Presidency
  5. Mission of China to the EUPremier Li and President Tusk Stress Importance of Ties at ASEM Summit
  6. EU2017EEVAT on Electronic Commerce: New Rules Adopted
  7. European Jewish CongressChair of EU Parliament Working Group on Antisemitism Condemns Wave of Attacks
  8. Counter BalanceA New Study Challenges the Infrastructure Mega Corridors Agenda
  9. Dialogue PlatformThe Gülen Community: Who to Believe - Politicians or Actions?" by Thomas Michel
  10. Plastics Recyclers Europe65% Plastics Recycling Rate Attainable by 2025 New Study Shows
  11. European Heart NetworkCommissioner Andriukaitis' Address to EHN on the Occasion of Its 25th Anniversary
  12. ACCACFOs Risk Losing Relevance If They Do Not Embrace Technology

Latest News

  1. Post-Brexit trade roll-over not automatic, EU paper says
  2. Oettinger pushes plastic tax but colleagues express doubts
  3. MEPs target exports of cyber surveillance tech
  4. Kosovo killing halts EU talks in Brussels
  5. ECB withheld information on 'flawed' bank supervision
  6. Fewer MEPs than visitors turn up for Estonian PM
  7. EU names China and Russia as top hackers
  8. Ten Commandments to overcome the EU's many crises