Spain vs. Italy

Spain's powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World War I and II, but suffered through a devastating civil war (1936-39). A peaceful transition to democracy following the death of dictator Francisco FRANCO in 1975, and rapid economic modernization (Spain joined the EU in 1986) gave Spain a dynamic and rapidly growing economy, and made it a global champion of freedom and human rights. More recently, Spain has emerged from a severe economic recession that began in mid-2008, posting four straight years of GDP growth above the EU average. Unemployment has fallen, but remains high, especially among youth. Spain is the Eurozone's fourth largest economy. The country has faced increased domestic turmoil in recent years due to the independence movement in its restive Catalonia region.

Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy is a charter member of NATO and the European Economic Community (EEC) and its subsequent successors the EC and the EU. It has been at the forefront of European economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include sluggish economic growth, high youth and female unemployment, organized crime, corruption, and economic disparities between southern Italy and the more prosperous north.

periodic droughts, occasional flooding

volcanism: volcanic activity in the Canary Islands, located off Africa's northwest coast; Teide (3,715 m) has been deemed a Decade Volcano by the International Association of Volcanology and Chemistry of the Earth's Interior, worthy of study due to its explosive history and close proximity to human populations; La Palma (2,426 m), which last erupted in 1971, is the most active of the Canary Islands volcanoes; Lanzarote is the only other historically active volcano

regional risks include landslides, mudflows, avalanches, earthquakes, volcanic eruptions, flooding; land subsidence in Venice

volcanism: significant volcanic activity; Etna (3,330 m), which is in eruption as of 2010, is Europe's most active volcano; flank eruptions pose a threat to nearby Sicilian villages; Etna, along with the famous Vesuvius, which remains a threat to the millions of nearby residents in the Bay of Naples area, have both been deemed Decade Volcanoes by the International Association of Volcanology and Chemistry of the Earth's Interior, worthy of study due to their explosive history and close proximity to human populations; Stromboli, on its namesake island, has also been continuously active with moderate volcanic activity; other historically active volcanoes include Campi Flegrei, Ischia, Larderello, Pantelleria, Vulcano, and Vulsini

15 regions (regioni, singular - regione) and 5 autonomous regions (regioni autonome, singular - regione autonoma)

regions: Abruzzo, Basilicata, Calabria, Campania, Emilia-Romagna, Lazio (Latium), Liguria, Lombardia, Marche, Molise, Piemonte (Piedmont), Puglia (Apulia), Toscana (Tuscany), Umbria, Veneto;

autonomous regions: Friuli Venezia Giulia, Sardegna (Sardinia), Sicilia (Sicily), Trentino-Alto Adige (Trentino-South Tyrol) or Trentino-Suedtirol (German), Valle d'Aosta (Aosta Valley) or Vallee d'Aoste (French)

Governing Coalition:
Five Star Movement or M5S [Vito CRIMI, acting leader]
League or Lega [Matteo SALVINI]

Left-center-right opposition:
Democratic Party or PD [Enrico LETTA]
Forza Italia or FI [Silvio BERLUSCONI]
Brothers of Italy [Giorgia MELONI]
Free and Equal (Liberi e Uguali) or LeU [Pietro GRASSO]
More Europe or +EU [Emma BONINO]
Popular Civic List or CP [Beatrice LORENZIN]

Other parties and parliamentary groups:
Possible [Beatrice BRIGNONE]
Us with Italy [Raffaele FITTO]
South Tyrolean People's Party or SVP [Philipp ACHAMMER]
Trentino Tyrolean Autonomist Party (Partito Autonomista Trentino Tirolese) or PATT [Franco PANIZZA, secretary]
Article One or Art.1-MDP [Roberto SPERANZA]

After a prolonged recession that began in 2008 in the wake of the global financial crisis, Spain marked the fourth full year of positive economic growth in 2017, with economic activity surpassing its pre-crisis peak, largely because of increased private consumption. The financial crisis of 2008 broke 16 consecutive years of economic growth for Spain, leading to an economic contraction that lasted until late 2013. In that year, the government successfully shored up its struggling banking sector - heavily exposed to the collapse of Spain's real estate boom - with the help of an EU-funded restructuring and recapitalization program.

Until 2014, contraction in bank lending, fiscal austerity, and high unemployment constrained domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 16.4% in 2017. High unemployment strained Spain's public finances, as spending on social benefits increased while tax revenues fell. Spain's budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to about 3.3% of GDP in 2017. Public debt has increased substantially - from 60.1% of GDP in 2010 to nearly 96.7% in 2017.

Strong export growth helped bring Spain's current account into surplus in 2013 for the first time since 1986 and sustain Spain's economic growth. Increasing labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have improved Spain's export competitiveness and generated foreign investor interest in the economy, restoring FDI flows.

In 2017, the Spanish Government's minority status constrained its ability to implement controversial labor, pension, health care, tax, and education reforms. The European Commission expects the government to meet its 2017 budget deficit target and anticipates that expected economic growth in 2018 will help the government meet its deficit target. Spain's borrowing costs are dramatically lower since their peak in mid-2012, and increased economic activity has generated a modest level of inflation, at 2% in 2017.

Italy's economy comprises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors.

Italy is the third-largest economy in the euro zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, reaching 131% of GDP in 2017. Investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy's economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy's economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%. GDP growth is projected to slow slightly in 2018.

well-developed and one of the largest telecom markets in Europe, with average mobile penetration for Europe; regulator has championed competition; LTE is nearly universal with shifts of service to 5G; operator joined government smart cities project; fixed-line broadband is backed by investment in fiber infrastructure; fiber broadband accounts for most of all fixed-line broadband connections; Chinese company Huawei contributes investment to the telecom sector; increased connectivity through submarine cable connection to Brazil; importer of broadcasting equipment from Europe (2021)

well-developed, fully automated telephone, and data services; among highest mobile penetration rates in Europe; benefitted from progressive government programs aimed at developing fiber in broadband sector; leading edge of development with 5G in six cities; fiber network reaches more than half of population; Milan developing smart city technology; importer of broadcasting equipment and computers from China (2021)

a mixture of both publicly operated and privately owned TV and radio stations; overall, hundreds of TV channels are available including national, regional, local, public, and international channels; satellite and cable TV systems available; multiple national radio networks, a large number of regional radio networks, and a larger number of local radio stations; overall, hundreds of radio stations 

in 2002, Gibraltar residents voted overwhelmingly by referendum to reject any "shared sovereignty" arrangement; the Government of Gibraltar insists on equal participation in talks between the UK and Spain; Spain disapproves of UK plans to grant Gibraltar greater autonomy; after voters in the UK chose to leave the EU in a June 2016 referendum, Spain again proposed shared sovereignty of Gibraltar; UK officials rejected Spain's joint sovereignty proposal; Morocco protests Spain's control over the coastal enclaves of Ceuta, Melilla, and the islands of Penon de Velez de la Gomera, Penon de Alhucemas, and Islas Chafarinas, and surrounding waters; both countries claim Isla Perejil (Leila Island); Morocco serves as the primary launching site of illegal migration into Spain from North Africa; Portugal does not recognize Spanish sovereignty over the territory of Olivenza based on a difference of interpretation of the 1815 Congress of Vienna and the 1801 Treaty of Badajoz

Italy's long coastline and developed economy entices tens of thousands of illegal immigrants from southeastern Europe and northern Africa