- Italy's current political and economic situation resembles its crisis in 1992, with high debt and austerity needed, but devaluation no longer an option. The country risks needing an EU bailout if issues are not addressed.
- Recent spread tightening is more due to ECB actions than Italian reforms; further problems could cause spreads to widen again.
- The recession is deepening, with unemployment subsidies rising sevenfold and pain spreading to large corporations. Over 160 large firms require special assistance.
- While real estate deals are down significantly, home prices would need to drop 10% further to significantly impact bank capital ratios. However, heavy reliance on ECB funding leaves banks exposed if that support is removed.
- Italy's current political and economic situation resembles its crisis in 1992, with high debt and austerity needed, but devaluation no longer an option. The country risks needing an EU bailout if issues are not addressed.
- Recent spread tightening is more due to ECB actions than Italian reforms; further problems could cause spreads to widen again.
- The recession is deepening, with unemployment subsidies rising sevenfold and pain spreading to large corporations. Over 160 large firms require special assistance.
- While real estate deals are down significantly, home prices would need to drop 10% further to significantly impact bank capital ratios. However, heavy reliance on ECB funding leaves banks exposed if that support is removed.
RCI 2013 is the second edition of the EU Regional Competitiveness Index. It includes updated data and some methodological improvements compared to RCI 2010. Key changes include including Croatia as a new EU member, merging some capital regions with surrounding areas to address commuting patterns, and addressing changes to NUTS regional classifications. The index continues to assess competitiveness across 11 pillars grouped into basic, efficiency, and innovation factors. RCI 2013 provides insights on regional strengths and weaknesses to help guide development strategies.
RCI 2013 is the second edition of the EU Regional Competitiveness Index. It includes updated data and some methodological improvements compared to RCI 2010. Key changes include including Croatia as a new EU member, merging some capital regions with surrounding areas to address commuting patterns, and addressing changes to NUTS regional classifications. The index continues to assess competitiveness across 11 pillars grouped into basic, efficiency, and innovation factors. RCI 2013 provides insights on regional strengths and weaknesses to help guide development strategies.