Italy and Spain Basic Economic Information and Status in the European Union As Compiled by Rachel Kramer

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Maps of Western Europe

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Establishment of Identities  Full Name  Italian Republic  Kingdom of Spain  Capital City  Rome  Madrid  Area  total: 301,230 sq km  total: 504,782 sq km

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo The Peoples  Population (with population density)  Italy: 58,103,033 people 500 per sq mi  Spain: 40,341,462 people207 per sq mi  Population Growth Rate (with net migration rate)  Italy: 0.07% 2.07 migrant(s)/1,000  Spain: 0.15% 0.99 migrant(s)/1,000

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo The Peoples of Italy and Spain and some Economic Statistics  Life Expectancy  Italy: years  Spain: years  Inflation Rate (CPI)  Italy: 2.3%  Spain: 3.2%  Unemployment Rate  Italy: 8.6%  Spain: 10.4%  Ethnic Groups  Italy: Italian (includes small clusters of German-, French-, and Slovene-Italians in the north and Albanian-Italians and Greek- Italians in the south)  Spain: composite of Mediterranean and Nordic types

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Economic Statistics  Government Budget (Revenue, Expenditure, and Balance  Italy: revenues: $768.9 billion Spain: revenues: $383.7 billion expenditures: $820.1 billion expenditures: $386.4 billion Balance: -$51.2 billion Balance: -$2.7 billion  Outstanding Public Debt (as a % of GDP)  Italy: 105.6% of GDPSpain: 53.2% of GDP  Current Account Balance  Italy: - $21.1 billion Spain: - $30.89 billion

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Gross Domestic Product  GDP  GDP per capita  GDP growth rate  GDP composition by sectors ItalySpain $1.609 trillion $937.6 billion $27,700 $23, % 2.6% agriculture: 3.5% agriculture: 2.3% industry: 28.5% industry: 28.8% services: 68% services: 68.9%

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo European Monetary Union  Italy  Joined the EU in Founding member, EMU in 1999  Current challenges: Violation of the Stability and Growth Pact  Future Agenda: Integration of Turkey, presidency  Spain  Joined the EU in 1986, EMU in 1999  Current challenges: High unemployment, adjusting to the monetary and other economic policies of an integrated Europe, terrorism  Future Agenda: Integration of Turkey, presidency

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Fiscal Policy  Italy  Bruising confrontation with the European Commission  Spain  Taking the EU for all its worth

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Common Agricultural and Fisheries Policies: main interests and subsidies received from the EU  Italy  Common products: fruits, vegetables, grapes, potatoes, sugar beets, soybeans, grain, olives; beef, dairy products; fish  Italy is receiving million Euros in Funding (16%)  Spain  grain, vegetables, olives, wine grapes, sugar beets, citrus; beef, pork, poultry, dairy products; fish  Spain is receiving million Euros in Funding (42%)

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Social Policies  Italy  Immigration- large coastline  Unemployment- big issue in southern Italy  Social Welfare- fantastic pension system coupled to an aging population  Spain  Immigration- opening doors  Unemployment- horrendous  Social Welfare- too good

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo External Relations  Italy  Political  India  Iran  Economic  France  Germany  Spain  The Netherlands  Spain  Political  US and UK  France  Economic  France  Germany  Italy  The Netherlands

Tuesday, May 10, 2005 Session B: 10:45 am -12:00 pm European Economic Integration Economics 270 with Professor Mendez-Carbajo Fin