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CESEE: Poverty Grows Considerably

Published: December 18, 2012; 22:55 · (Vindobona)

In Europe, one in four citizens is affected by poverty, the Russian newspaper “Rossijskaja Gaseta” states.

CESEE: Poverty Grows Considerably / Picture: © Flickr

In Europe, the level of prosperity is declining steadily. Countries of the CESEE region are particularly affected. But also relatively stable countries like Germany and Austria record an increase in manifest poverty. In 2011, 120 million European citizens were affected by poverty. This corresponds to 24% of the people living in the EU. As a result, the middle class is shrinking from…

This article includes a total of 219 words.

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