If You're An Austrian Woman, Move To Italy
We know that core and periphery are struggling under the same monetary policy sun as divergences grow wider. We also know that even in the core, the Franco-German divide continues to gape. However, for a 'union' that continues to promote itself as the utopian solution for 27 nations across Europe, it seems there is an even bigger chasm - the gender pay gap. On International Women's Day, Bloomberg's Niraj Shah notes that women earn on average 16% per hour less than men with Estonia (27% gap) and Austria (24%) at the worst end of the spectrum and Italy (6%) and Slovenia (2%) at the most equitable end. And finally, even with a woman running the show, Germany's gender-pay-gap is a surprising 22%.
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