How much more social deterioration can the EU people endure?

EPSCO Council (Employment, Social Policy, Health and Consumer Affairs) meeting of 10/3/2014. From left to right: Algimanta Pabedinskiene, Lithuanian Minister for Social Security and Labour, Michel Sapin, French Minister for Labour, Employment, Professional Training and Social Dialogue (in the center), and Radoslaw Mleczko, Polish Deputy Minister of Labour and Social Policy. (The Council of the European Union Audiovisual Services, 10/3/2014).

EPSCO Council (Employment, Social Policy, Health and Consumer Affairs) meeting of 10/3/2014. From left to right: Algimanta Pabedinskiene, Lithuanian Minister for Social Security and Labour, Michel Sapin, French Minister for Labour, Employment, Professional Training and Social Dialogue (in the center), and Radoslaw Mleczko, Polish Deputy Minister of Labour and Social Policy. (The Council of the European Union Audiovisual Services, 10/3/2014).

The Council of the European Union responsible for Employment, Social Policy, Health and Consumer affairs couldn’t avoid recognizing that the social scenery in the EU is deteriorating fast as 26.8 million jobseekers unable to find a job and 25% of the European population at risk of poverty or social exclusion. Mind you that more than half of this percentage refers to people with a job, meaning that anything around 12.5% of the labour force are in danger of poverty or social exclusion despite the fact that they are not unemployed.

Unquestionably, this appalling social situation will be mirrored in the next EU election, after a few weeks. Then it will be transformed into political action during the next legislature. No wonder why the Brussels bureaucracy and the EU governments are under strong pressure to pass all the controversial legislation, like the European Banking Union within this legislature.

According to a press release issued by the abovementioned Council of the European Union “The crisis leaves behind the legacy of fragile growth, too little and often low quality jobs and more people exposed to poverty and social exclusion. The report on the Social Situation in the European Union and the scoreboard of employment and social indicators show that the social situation in the European Union is not improving while in some countries the situation is even worsening”.

Appalling deterioration

The problem is though that it’s not only the south of Eurozone where more than one third of the populations are in a desperate situation. In Germany 18% of the population is at risk of poverty and social exclusion, while in other North EU countries like Holland, Sweden and Finland, every day extreme political groups are attracting more voters and their appeal is on the rise.

Unfortunately, it seems that the present deterioration of the social situation in Europe is not the end of the tunnel. All the major economic institutions of the European Union, including the Commission and the European Central Bank predict anemic economic prospects. This means that this is not the end of the fall, and what is even more alarming is the end of it is not visible at all.

According to a Council press release a “2012 survey data indicate that… Since the adoption of Europe 2020 (framework) in 2010, there are 6,6 million more people living in poverty or social exclusion (an increase in more than 1/3 of Member States). In some Member States the annual growth of the relative poverty exceeds 2 percentage points. Rising material deprivation drives down living standards of significant parts of the population in some countries, and also this income inequality is growing across and within member states, particularly in the countries that witnessed the largest increases in unemployment”.

Destructive inequality

The key factor for the growing social deterioration in the above passage is the confirmation that income inequality is “growing across and within member states”. This is a direct recognition that the European Union is following the US example of fast growing income inequality. On top of that, for many European economists and not only, this inequality has become the driving power of growth. An impartial observer has to be blind not to see that those people are wrong on every account. Firstly, there is not real growth in the US nor in Europe and secondly if you subtract the massive subsidies handed to banks, in the range of hundreds of billions, then the real net value of the Western economic volume is falling.

In view of the total failure of this theory over inequality being a strong driver of growth, there is now a new movement going back to the good old 1960s. Again the fairer distribution of incomes is gradually gaining momentum as a real growth base, able to mobilize consumption and investments in the large western economies of the US and Eurozone.

Alas, it will take a long time and probably a politically dangerous experiment in Europe. It may take a lot of things in order for the European elites to change their minds and understand that in order to maintain their exceptional economic position, they have to let go of a large part of their wealth. The US political system can support and endure more inequality than Europe. A lot European countries may easily slide into right wing extremism if the present economic deterioration continues for some more years.

 

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Eurozone: Negative statistics bring deflation and recession closer

Bayer’s cross at night (Copyright: Bayer AG)

The EU clears Bayer-Monsanto merger amid wide competition and environmental concerns

‘Negative forces’ at work in DR Congo threaten ‘largely peaceful’ relations across Great Lakes region, says outgoing UN envoy

All sides in Yemen conflict could be guilty of war crimes, UN experts find

EU and China discuss economic and trade relations at the 7th High-level Economic and Trade Dialogue

5 factors driving the Chinese lawtech boom

5 ways to bridge the global health worker shortage

Service and Sacrifice: Ugandan ‘Blue Helmets’ support UN efforts to bring peace to Somalia

100 years on, UN labour agency mission focussed on growing inequality, says Director-General

Groundbreaking cancer-fighting drugs now included in updated UN list of essential medicines

Parliament makes it easier to organise a European Citizens’ Initiative

Large parts of the world are growing more fragile. Here are 5 steps to reverse course

Finnish Prime Minister calls for a more united EU of concrete actions

A new way to teach active citizenship to students?

The four top Americans who flew to Europe perplexed things about Trump’s intentions

This is what the gender pay gap looks like in eight countries

MWC 2016 LIVE: Xiaomi looks to revive growth with flagships

Mobile 360 Africa 11-13 July 2017

‘Virginity testing’: a human rights violation, with no scientific basis – UN

Latest tragedy in the Mediterranean claims over 100 lives – UN refugee agency

Preserving biodiversity vital to reverse tide of climate change, UN stresses on International Day

Korea should adapt its migration programmes to ensure continued success in the face of expected challenges

EU gas market: new rules agreed will also cover gas pipelines entering the EU

Afghanistan: Bring ‘architects’ of latest ‘appalling’ suicide bombing to justice, says deputy UN mission chief

The European Parliament x-rays the troika’s doings

Hiring more female leaders is good for profits. Here’s the evidence

A Valentine’s Special: we can never overdose on love

Russia accepts what the EU has to offer and settles to negotiate with Ukraine

This Netherlands football stadium creates its own energy and stores it in electric car batteries

We probably should go back to the therapy in Primary Healthcare

Global Compact on Refugees: How is this different from the migrants’ pact and how will it help?

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

Corporate tax remains a key revenue source, despite falling rates worldwide

The megatrend that will shape our working future

Why rich countries are seeing more poverty

So, what is your favourite Sustainable Development Goal?

GradList Launched At TheNextWeb 2014

Here’s why leaders need to care about mental health

Haiti stands ‘at the crossroads’ between peacekeeping, development – Bachelet urges strengthened ‘human rights protection’

Joint UN, OSCE engagement can address crisis in Ukraine, other ‘dark spots of conflict’ in Europe

Basel III rules relaxed: Banks got it all but become more prone to crisis

Two major EU projects falter; the Schengen Agreement now freezes and Eurozone fails to resolve the Greek enigma

What has a year of experiments taught us about basic income?

Who can compel Wallonia to unlock CETA, the EU-Canada free trade pack?

Eurozone: GDP development heads to naught; the expensive euro serves only Germany

Europe, US and Russia haggle over Ukraine’s convulsing body; Russians and Americans press on for an all out civil war

Anti-vaccination movement affecting youth in Europe

Chatterbox Rome Declaration cannot save the EU; Germany has to pay more to do that

Turkey: MEPs cut support by €70m due to no improvement in respect for EU values

Innovating together: connectivity that matters

Future of EU farming: MEPs push for modern common policy with fair funding

France is about to start giving free breakfasts to disadvantaged schoolchildren

Human Rights Council election: 5 things you need to know about it

Why Eurozone needs a bit more inflation

Children in crisis-torn eastern Ukraine ‘too terrified to learn’ amid spike in attacks on schools

US and Mexico child deportations drive extreme violence and trauma: UNICEF

The Commission unsuccessfully pretends to want curbing of tax evasion

Millennials (and Gen X) – Here are the steps you should take to secure your financial future

New Disability Inclusion Strategy is ‘transformative change we need’, says Guterres

Nuclear weapons in Lithuania: defence against Russia or target for terrorists?

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s