Family incomes stagnate in the EU; people excluded from ‘moderate recovery’

The Brussels Eurocrats are trying to convince us all that the European economy, after the 2008-2010 fallout, is now on the right track towards an era of growth and financial security. However, real people out there are still waiting to taste the benefits of this impalpable improvement. Apart from the fact that Eurostat, the EU […]

Why impoverishment and social exclusion grow in the EU; the affluent north also suffers

The European Union which mobilizes its warships to keep the flows of poor and destitute refugees and immigrants out of its supposedly prosperous interior, at the same is impotent to offer to its own citizens not a prosperous life but not even a secure economic and social environment. According to Eurostat, the EU’s statistical service, […]

Is poverty and exclusion the necessary price for EU’s recovery?

At least one out of every four EU citizens is at risk of poverty or social exclusion. The relevant percentage was 24.8% in 2012. However, given that this variable has been increasing steadily since 2008 by some decimal points every year, the measurement must have exceeded the 25% benchmark in 2013. These figures were published […]

Lies and reality about incomes and wealth in the EU

The European Central Bank in April this year produced a statistical paper on the distribution of real household wealth in Eurozone countries. The study argued that in terms of net wealth the average German household appears much poorer than their counterparts in the crisis hit countries of south Europe, that is Greece, Cyprus, Spain, Italy […]

ECB indicates south Europeans can endure more austerity

According to a European Central Bank report which was published yesterday, the average household in south European countries like Cyprus, Greece, Spain and Italy possess more net wealth than their peers in the north (net wealth is defined as the difference between total assets and total liabilities). The obvious conclusion is that they can endure […]