What has led to the political and economic instability of southern Europe?

What has led to the political and economic instability of southern Europe?

Which factors account for economic instability in the Southern European region in the 21st century? Government overspending, high unemployment, high national debt. Tourism is a major component of Southern Europe’s economy.

Why is northern Europe so rich?

Compared to much of the rest of the world’s countries, they are very wealthy, and this is mostly due to high productivity from good education, infrastructure, and industrialization, and low levels of systemic corruption – which is a general trend around the world.

Where are most southern European people?

Most people in Southern Europe live on coastal plains or in river valleys because the land there is flat, so it is good for farming.

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Why are southern European countries poorer?

For Italy and Greece, the causes of low growth are many: the poorest business environment, the highest corruption, and the most overregulated markets in the European Union. Portugal and Spain, however, did not have such great shortcomings, and only Spain had a boom-and-bust in construction.

Is Europe politically stable?

Political stability index (-2.5 weak; 2.5 strong) in the European union: The average for 2020 based on 27 countries was 0.7 points. The highest value was in Luxembourg: 1.23 points and the lowest value was in Greece: 0.13 points. The indicator is available from 1996 to 2020.

Why is southern Germany so wealthy?

Because of some decent policies post WW2 and inherited industrial structures. Southern Germany is a two-fold story. The south west (today’s state of Baden Württemberg) has always had many middle class crafts and trading people; hard working and so on. Lots of small businesses of many different kinds.

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Is Greece considered Southern Europe?

Definitions of Southern Europe, also known as Mediterranean Europe, may include countries and regions such as: Albania, Andorra, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus (politically and culturally, but belongs geographically to Western Asia), Gibraltar, Greece, Italy, Kosovo, Malta, Monaco, Montenegro, North …

What is considered Southern European ancestry?

Southern Europe is generally considered to include Portugal, Spain, Italy, and Greece, parts of France, and countries in the southern part of Eastern Europe, like Croatia and Albania.

Which country is the most financially stable?

Switzerland is the economically stable country in the world, according to the USNews Report 2019 Best Countries list, a perception-based series of rankings. The 2019 rankings of the world’s most economically stable countries placed Germany in 2nd ahead of Sweden into 3rd; while Canada ranked 4th, and Australia 5th.