Eurostat Counts 109 Mln Poor Europeans
Every fifth European, or 109 million people, according to Eurostat, are at risk of social exclusion, or among the poor. It is about meeting at least one of the three criteria: low income, severe material deprivation, or living in a low-employment household.
Women were more vulnerable in this regard. The European Statistical Agency released the results of the study ahead of International Day for the Eradication of Poverty. The report emphasizes that each EU country has its own scope of the problem.
Every fourth European is at risk of poverty in seven states of the community. The first three lines in this list are taken by Bulgaria, Romania and Greece. This is followed by Latvia, Lithuania, Italy and Spain.
Every seventeenth resident of the European Union is in a difficult financial situation.
Europeans who fall into this category cannot pay bills for an apartment, electricity and gas on time, or keep warm in the house, not to mention spending a week’s vacation away from their place of residence.
According to the head of the IMF, Kristalina Georgieva, it is necessary to benefit from trade relations, since trade is important for economic growth, the labor market, and poverty reduction.
Stable income from trade and exports replenish the treasury and improve the financial situation of countries. These funds can go towards the development of infrastructure, the so-called human capital, education, healthcare, as well as the creation of new jobs, which are essential for the eradication of poverty.