The financial crisis affected European countries in radically different ways, with some countries emerging relatively unscathed, while others suffered extreme economic problems that still persist today. But as Riccardo Crescenzi, Davide Luca and Simona Milio outline, the effects were also substantially different between individual cities and regions. Based on recent research, they demonstrate which regions were best placed to weather the crisis and suggest that the presence of a skilled labour force was one of the key factors allowing certain areas to recover more quickly than others.
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