European Economic Success and Failure

For John, BLUF:  Not everything in Europe is perfect.  Nothing to see here; just move along.

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A European atlas of economic success and failure

Here is the sub-headline:

Economic growth was diverse across EU regions, yet it is crucial to control for region-specific factors in assessing growth performance.  We find that there are rather successful regions in many EU countries, suggesting that the EU can provide a good framework for growth.  Yet the worst performers are more concentrated in some countries, suggesting that country-specific factors can play a major role in regional development.

From Bruegel, by Zsolt Daria’s, Jan Mazza and Catarina Midoes, 3 June 2019.

Here is the lede:

Economic growth has been markedly different across EU regions. The fastest-growing regions of the EU between 2003 and 2015 were in Bulgaria, Poland, Romania, Slovakia the three Baltic countries and in the southern part of Ireland (Map 1).  On the other end, Greece experienced a particularly dramatic recession, while most regions of Italy and many regions in France, Spain and the United Kingdom are also among the slowest growing regions.

Europe is uneven in economic growth and Brussels isn't fixing the problems.

Hat tip to the InstaPundit.

Regards  —  Cliff