POLITICS & POLICY
EU – ECB: Brexit
The European Central Bank has requested Eurozone banks to document how they intend to prepare for a Brexit scenario. The ECB is trying to assess the extent to which European banks are exposed to Britain, and what plans they have come up with should the UK leave the EU. In the words of an ECB spokesman, “ECB banking supervision is engaging with the relevant banks to ensure they are adequately assessing the risks and are prepared for all possible outcomes”.
Source: Times of Malta, 13/05/2016
Ireland – Unemployment: NEETs
According to the OECD, the number of unemployed people who did not go into further education in Ireland has risen during the recession and has remained very high ever since. OECD figures show that Irish youth defined as being Not in Employment, Education or Training (NEET) has doubled from 2007 to 2011, and reached 18% in 2014. An important difference between Irish NEETs and their counterparts in other countries is that, even though women outnumber men, the gender gap is smaller than elsewhere.
Source: Irish Times, 12/05/2016
“If the EU dies of anything it would be hypocrisy (…) [Western politicians insist on democracy but] when a government asks for the opinions of the people in an important question, then the most democratic tool, the referendum is being questioned”
Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade
Source: Bbj , 11/05/2016
The percentage of Slovaks at risk poverty in 2015.
Source: The Slovak Spectator, 12/05/2016
The number of rescued migrants on the Sicilian coast on Thursday.
Source: The Local, 13/05/2016
Photo Credits CC: Agencia de Noticias ANDES