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Poverty is on the rise in Europe | Europe | DW.DE | 09.01.2013

The European Commission has warned that eurozone countries are drifting apart: An ever-declining south is facing a relatively stable north. Governments are unable to protect household incomes.

Europe is paying a high price for the ongoing economic crisis. Unemployment has risen to new highs and for those without a job, it is becoming increasingly difficult to find a new one. Ever more people are threatened with poverty.

These are some of the findings of a report published on Tuesday (08.01.2012) by the European Commission's office for Employment, Social Affairs and Inclusion headed by Laszlo Andor. Andor, in a press conference on the report, stated that "household incomes have declined and the risk of poverty or exclusion is constantly growing."

Yet not everyone has been equally affected. Young adults, unemployed women and single mothers are especially at risk of sliding into chronic poverty, Andor said.

When the crisis began, the Commission and EU member states had promised that the social system would absorb some of the shock and have a stabilizing effect. However, with sinking tax revenues and rising welfare payments, many countries simply lacked the financial leeway to protect household incomes from the results of the crisis, Andor said.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Wed Jan 9th, 2013 at 02:13:35 PM EST
[ Parent ]
Governments are unable unwilling to protect household incomes upset the powerful.

Post WWII politicians have had it too easy. All they've needed to to was bicker over how to spend guaranteed tax revenue.

sapere aude

by Number 6 on Thu Jan 10th, 2013 at 05:20:58 AM EST
[ Parent ]


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