Saturday

24th Feb 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.

Opinion

Greek government's steady steps to exit bailout programme

Growth predictions are positive, exports increasing, unemployment dropping and credit-ratings up, says the head of Greece's Syriza delegation to the European Parliament. Now the government in Athens is looking to design its own reform programme.

Analysis

We are not (yet) one people

Talks on the next EU budget will start on Friday. Brussels wants to do much more than before – and needs a lot more money. But arguing about funds won't be enough.

News in Brief

  1. EU calls for immediate ceasefire in Syria
  2. UK's post-Brexit vision is 'pure illusion', Tusk says
  3. EU leaders express solidarity with Cyprus in Turkey drill row
  4. EU to double funding for Sahel forces
  5. EU parliament president: 'The immigration problem is Africa'
  6. May to unveil EU departure strategy next week
  7. Pregnant workers may be dismissed, EU court rules
  8. Romanian minister demands anti-corruption prosecutor fired

Stakeholders' Highlights

  1. ILGA EuropeAnkara Ban on LGBTI Events Continues as Turkish Courts Reject NGO Appeals
  2. Aid & Trade LondonJoin Thousands of Stakeholders of the Global Aid Industry at Aid & Trade London
  3. Macedonian Human Rights Movement Int.European Free Alliance Joins MHRMI to End the Anti-Macedonian Name Negotiations
  4. Mission of China to the EUChina-EU Tourism Year to Promote Business and Mutual Ties
  5. European Jewish CongressAt “An End to Antisemitism!” Conference, Dr. Kantor Calls for Ambitious Solutions
  6. UNESDAA Year Ago UNESDA Members Pledged to Reduce Added Sugars in Soft Drinks by 10%
  7. International Partnership for Human RightsUzbekistan: Investigate Torture of Journalist
  8. CESICESI@Noon on ‘Digitalisation & Future of Work: Social Protection For All?’ - March 7
  9. UNICEFExecutive Director's Committment to Tackling Sexual Exploitation and Abuse of Children
  10. Nordic Council of MinistersState of the Nordic Region 2018: Facts, Figures and Rankings of the 74 Regions
  11. Mission of China to the EUDigital Economy Shaping China's Future, Over 30% of GDP
  12. Macedonian Human Rights Movement Int.Suing the Governments of Macedonia and Greece for Changing Macedonia's Name

Latest News

  1. EU agrees budget to focus on defence, security and migration
  2. EU leaders nix transnational lists, cool on 'Spitzenkandidat'
  3. Regions chief: calls for smaller EU budget are 'impossible'
  4. Election fever picks up This WEEK
  5. EU-Morocco fishing deal casts doubt on EU future foreign policy
  6. EU leaders put 'Spitzenkandidat' on summit menu
  7. European far-right political party risks collapse
  8. The key budget issues on EU leaders' table