Tuesday, December 10, 2013

Quarter of Europeans face poverty – Eurostat

Over 124 million people in the European Union – or almost a quarter of its entire population - live under the threat of poverty or social exclusion, a report by EU’s statistical office has revealed.
Last year, 124.5 million people, or 24.8 percent of Europe’s population were at risk of poverty or social exclusion, compared to 24.3 percent in 2011 and 23.7 percent in 2008, the Eurostat said in a document published earlier in the week.
The data included people who were falling within at least one of the three categories: at-risk-of-poverty, severely materially deprived or living in households with very low work intensity.
Bulgaria (49 percent), Romania (42 percent) and Latvia (37 percent) top the list, followed by Greece, Lithuania and Hungary. In comparison, the Netherlands and the Czech Republic (both 15 percent), Finland (17 percent), Sweden and Luxemburg (both 18 percent) can boast the lowest number of people at risk of poverty.
However, even founding EU countries like Italy are struggling more than ever. Some 18.2 million -Italians are facing poverty – that is the highest number in the EU, even though proportionally (29.2 % of the population) the country seems to be doing not too bad.
Source and full story: Russia Today, 8 December 2013

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