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Europe’s Longevity Slowdown: What’s Behind It And How To Turn The Tide

For decades, Europe has led the world in life expectancy, with people born today expected to live well into their 80s. But after years of steady gains, progress stalled in the 2010s—long before the COVID-19 pandemic triggered a sharp decline. A new study sheds light on why longevity gains slowed and what policymakers can do to reverse the trend.

The Numbers Tell The Story

A study published in The Lancet Public Health examined life expectancy trends across 20 European nations, including Germany, France, the UK, and Nordic countries. Between 1990 and 2011, life expectancy rose by an average of 0.23 years per year, driven by fewer deaths from heart disease and cancer. This meant that each new generation could expect to live nearly three months longer than the previous one.

However, from 2011 to 2019, that rate dropped to 0.15 years per year, signaling a clear slowdown. England experienced the sharpest stagnation, followed by Germany and Spain. Meanwhile, Nordic countries saw only minimal deceleration, maintaining their upward trajectory.

What’s Behind The Slowdown?

The primary culprit: a rise in deaths from cardiovascular diseases linked to obesity, high cholesterol, hypertension, poor diet, and lack of physical activity. While past public health efforts successfully reduced mortality from infectious diseases and cancer, lifestyle-related health risks have become more prevalent.

Demographic shifts also play a role. Researchers suggest that increased migration in countries like the UK, France, and Germany has altered the population’s age structure, impacting overall life expectancy figures.

The Pandemic Effect

COVID-19 accelerated the decline. From 2019 to 2021, life expectancy fell across most of Europe, with Greece and England seeing the biggest drops—0.61 and 0.6 years, respectively. However, some countries fared better. Life expectancy continued to rise in Norway, Iceland, Sweden, Denmark, and Ireland, while Belgium held steady.

Why did some nations withstand the crisis better? The study suggests that strong public health policies played a crucial role. Countries with proactive healthcare systems and healthier populations before the pandemic were more resilient when the crisis hit.

Reversing The Trend: What Needs To Change?

The solution lies in aggressive public health strategies. The study highlights key policy areas that could help reinvigorate longevity gains:

  • Targeting preventable health risks – Governments must double down on initiatives promoting healthier diets, regular exercise, and better access to preventive healthcare.
  • Investing in social infrastructure – Research shows that increased public spending on education and disability services correlates with longer life expectancy.
  • Economic stability matters – A 2021 study in England found that cuts to local government funding widened the gap in life expectancy between wealthy and lower-income areas.

Signs Of A Rebound?

There’s hope. Recent data from the European Union suggests life expectancy has begun to recover, with the average reaching 81.5 years in 2023. However, some nations—including Austria, Finland, Estonia, the Netherlands, Greece, and Germany—are still seeing declines.

“Life expectancy for older people in many countries is still improving, showing that we have not yet reached a natural longevity ceiling,” says lead researcher Nick Steel. “We still can reduce risks and prevent early mortality.”

The question now is whether policymakers will act decisively—or risk allowing Europe’s hard-won longevity gains to erode further.

Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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