Why are southern European countries poor?

Why are southern European countries poor?

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.

How many countries are there in Southern Europe?

15 countries
The 15 countries[45] which make up this subregion are Albania, Andorra, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, Italy, Malta, Portugal, Romania, San Marino, Slovenia, Spain, The Former Yugoslav Republic of Macedonia and Yugoslavia (Figure 30-1).

Where is Southern Europe on a map?

Southern Europe Countries

Country Capital Area
Montenegro Podgorica 5,333 sq mi (13,812 km2 )
Portugal Lisbon 35,603 sq mi (92,212 km2 )
San Marino City of San Marino 23.6 sq mi (61.2 km2 )
Serbia Belgrade 34,116 sq mi (88,361 km2 )
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How does a Mediterranean climate help southern Europe’s economy?

The climate in Southern Europe is called a Mediterranean climate. The climate is warm and sunny in the summer and mild and rainy in the winter. Southern Europe’s climate is one of its most valuable resources. It supports the growing of many crops, and it attracts tourists.

Why is northern Europe richer than Southern Europe?

Due in part to the investment in man-made infrastructure like highways and rail networks along with natural transport networks like rivers, Northern Europe — defined here as France, Germany and the Netherlands — is considerably more developed and richer than Southern Europe.

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 …

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Is Germany considered Southern Europe?

The Northern and Western Europe region includes economies from Northern Europe (Denmark, Finland, Ireland, Norway, Sweden, and the United Kingdom), and Western Europe (Austria, France, Germany, the Netherlands, and Switzerland).

What is Southern European descent?

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. Spain and Portugal are generally not included, since they are located on the Iberian Peninsula, which has its own unique genetic makeup.

Which southern European country has the least developed economy?

As one of the least developed in the area, Greece’s economy remains weak as it grapples with high public spending, low productivity, and tax evasion. The EU is facing its first test of economic stability with Southern Europe suffering from record national debt and high unemployment.