Euro area bank fundamentals are solid, thanks to the strength of banks' capital and liquidity buffers under stringent regulation and supervision. At the same time, continued improvements in asset quality and profitability are contributing to bank resilience. But there is no room for complacency. Bank liquidity challenges could yet intensify.
The ratio of government expenditure per student on pre-school, elementary and secondary education to GDP per capita in Israel was similar to that in the OECD, and in tertiary education the ratio was higher in Israel than in the OECD.