ATMs Across Europe

Using data from the European Central Bank, a note from Moody’s charts the variation in ATM density across select European nations. Spain has over 1,200 ATMs per million inhabitants, well above the European Union average of about 850. The Netherlands has only about 450 per million inhabitants.

ATM density is undoubtedly due in part to population densities, as more dispersed populations would require more ATMs.


For Better Or For Worse, Older Americans Are Working Hard

Among seniors, the U.S. has some of the world’s hardest workers. This may be because there is a culture of working for more years than other nations, or it may be because the economy has dipped and older Americans simply don’t have any choice but to continue working.

Citizens of Korea work the longest on average, with 42.5% of 65-69 year olds currently employed. They are followed by Japan at 37.0%. The U.S. is at a much lower 29.9%, but that is still significantly higher than the European Union average of 8.7% and many other developed nations.

Older Americans Higher Employment Rates by International Standards

In Move Towards Austerity, Portugal Cancels Four Public Holidays

Things are getting rough in Portugal. BBC reports that in efforts to boost economic activity and improve competitiveness, the nation has scrapped four major public holidays for five years beginning in 2013. Two of these holidays are religious. Portugal negotiated with the Vatican over which Catholic festivals to cut.

Portugal has already cut public sector wages and raised taxes to reduce its budget deficit and deal with its economic crisis.

The country agreed a 78bn euro bailout deal with the European Union, European Central Bank and International Monetary Fund last year and recently passed the latest review of its spending cuts.

The four days affected are All Saints Day on 1 November; Corpus Christi, which falls 60 days after Easter; 5 October, which commemorates the formation of the Portuguese Republic in 1910; and 1 December, which marks Portuguese independence from Spanish rule in 1640.

It will be interesting to see if other countries follow suit and cancel any of their national holidays.