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More Greeks Live In Poverty Than Iranians

Tyler Durden's picture


The number of people in Greece classified as living below the poverty line reached 2.34 million (or over 20% of their 11.3 million population). Ekathimerini reports that the Hellenic Statistical Authority (ELSTAT) has released data from 2010, the first update of this frightful data series post austerity measures. Household spending has dropped dramatically in the two years since then suggesting the current picture is considerably worse. Still, comparing apples to slightly smaller apples, CIA data shows Greece now considerably more impoverished than Iran, Bosnia and Herzegovina, Mexico, and the West Bank. The EUR6,591 per annum poverty line in Greece compares to average per capita income of EUR12,637 but what is perhaps most worrisome - as social unrest continues to rise - is that Greece is among the European countries with the greatest financial inequalities, as the richest 20% of the population had an annual income that was six times that of the poorest 20%.


CIA Poverty Stats (Population living below national poverty line %)


And Via the CIA World Factbook - it seems Greece is slipping below the thin red line...


A total of 901,190 Greek households were found to be living below the poverty line.

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Sun, 11/04/2012 - 19:54 | 2947076 TwoShortPlanks
TwoShortPlanks's picture

Let them eat Feta!

Sun, 11/04/2012 - 20:11 | 2947119 DoChenRollingBearing
DoChenRollingBearing's picture

The key line in the poverty statistics table above:

"(Population living below national poverty line %)" 

Sun, 11/04/2012 - 20:17 | 2947145 Spitzer
Spitzer's picture

Greece just recorded a current account surplus. So did Spain for the first time ever.

Greece, Portugal, Spain and Ireland erase current account deficits and record surpluses.

The medicine tastes bad but you have to swollow it




Mon, 11/05/2012 - 02:47 | 2947945 JOYFUL
JOYFUL's picture

Nobody's "swollowing" any of your kosher effluent loser boy...those days are fadiing fast, an soon your sorry ass will be back in the Volga mud flats with the rest of your kharazian kin...

record surplus...translation from Yiddish: more n better fleecing of sheep by new age khazarian tax farmers....same ol same ol.

Mon, 11/05/2012 - 04:15 | 2947986 Nussi34
Nussi34's picture

The "national poverty line" is about a arbitrary as it gets.

If the Greeks would live according to their means (speak = third world country) they would have a far lower living standard.

Sun, 11/04/2012 - 20:32 | 2947189 DoChenRollingBearing
DoChenRollingBearing's picture

I should expand on my comment above.  There is no way that the level of poverty in Paraguay is lower than that of Spain.  I have been to both countries, and it is ludicrous to say that Paraguay has a lower poverty rate than Spain.  It looks like the above table was prepared using each country's own definition of poverty.

Sun, 11/04/2012 - 20:43 | 2947222 Jendrzejczyk
Jendrzejczyk's picture

Good point DoCh,

How bad offf are the poor in the UAE?

Although illiteracy was relatively high for wealthy nations at 25.4 percent in 1998, more than 90 percent of the UAE population has access to safe water, health services, and sanitation. In comparison, nearly 57 percent of the population was illiterate in 1975. The UAE government spends close to 16 percent of its annual budget on schools and has produced one of the lowest student-to-teacher ratios in the world, 12 pupils per teacher. Generous spending on health care has produced similar results in a number of key health indicators that are far better than the world average: life expectancy, infant mortality rates, births attended by trained physicians, and numbers of doctors per 100,000 people in the population. Overall, UAE citizens can depend on a cradle-to-grave welfare state that has few peers in the world.

Read more: United Arab Emirates Poverty and wealth, Information about Poverty and wealth in United Arab Emirates http://www.nationsencyclopedia.com/economies/Asia-and-the-Pacific/United-Arab-Emirates-POVERTY-AND-WEALTH.html#ixzz2BIv8L2tO
Sun, 11/04/2012 - 20:49 | 2947231 Jendrzejczyk
Jendrzejczyk's picture


With all the dollars we've spent in Iraq, one would think they'd not be quite so high on this chart.

Sun, 11/04/2012 - 21:18 | 2947323 ArrestBobRubin
ArrestBobRubin's picture

Oh man you really don't get it, do you? Israel and AIPAC commanded its US Presi-pets and craven congress cretins to spend all those dollars for exactly this outcome and this poverty rating.

Mission Accomplished!

Sun, 11/04/2012 - 21:48 | 2947406 Jendrzejczyk
Jendrzejczyk's picture

I'm not as dumb as I look...I couldn't possibly be.

Mon, 11/05/2012 - 00:55 | 2947849 dbomb12
dbomb12's picture

Lets not forget these stats are from the CIA, you know, the shadow govt involved in covert operations, overthrow of governments and the worldwide illegal drug trade. Pretty sure their stats are as reliable as the BLS, Russia and Communist China. 

Sun, 11/04/2012 - 20:15 | 2947137 Gully Foyle
Gully Foyle's picture

Will they now be slipping across a border into the Us to pick vegies, do lawn care, and raise the children of self important americans?

Sun, 11/04/2012 - 20:40 | 2947210 Matt
Matt's picture

Why? They are citizens of the European Union, they can go to Germany legally.

Mon, 11/05/2012 - 08:13 | 2948135 Stuntgirl
Stuntgirl's picture

Why would we do that? There's maps with pretty colors, and then there's eyes on your face to assess the truth. The US is a third-world-country by most European's standards.

You'd think of going to China first.

Sun, 11/04/2012 - 23:39 | 2947704 Al Gorerhythm
Al Gorerhythm's picture

All achieved without the aid of a trade embargo. Well done you financial wizards. You bankers couldn't organise the toilet paper in a constipation clinic.

Sun, 11/04/2012 - 19:56 | 2947081 obessoligarch
obessoligarch's picture

at least greek girls are hoping for a better future.


Sun, 11/04/2012 - 20:20 | 2947156 Ineverslice
Ineverslice's picture


Glistening dark hair...from all that pure olIveOil no doubt.

Lovely stuff, no deficits there!

Sun, 11/04/2012 - 20:32 | 2947185 obessoligarch
Sun, 11/04/2012 - 21:07 | 2947289 SamuelMaverick
SamuelMaverick's picture

nice link !!

Mon, 11/05/2012 - 04:26 | 2947715 Al Gorerhythm
Al Gorerhythm's picture

Ah, it's only flesh or as a professor once quoted, the human vessel is just a column of bacteria. Some admittedly more attractivly arranged than others.

Sun, 11/04/2012 - 19:56 | 2947083 lolmao500
lolmao500's picture

the richest 20% of the population had an annual income that was six times that of the poorest 20%.

And how much is it in the US? 2-3 times?

Sun, 11/04/2012 - 19:58 | 2947089 knukles
knukles's picture

'Zat after gubamint handouts?

Sun, 11/04/2012 - 22:04 | 2947454 Offthebeach
Offthebeach's picture

Talking about Greek reported income statistics is like talking about sober Kennedys. Really a pointless exercise.

Sun, 11/04/2012 - 19:56 | 2947085 ShortTheUS
ShortTheUS's picture

Poverty seems to be correlated with the popularity of Golden Dawn.

I do Nazi that as a good thing.

Sun, 11/04/2012 - 21:04 | 2947278 ArrestBobRubin
ArrestBobRubin's picture

Man is that a stupid statement.

As if Greek Nationalists and not Jewish banksters busted up the joint like this?

Keep buying the hasbara Shorty.


Sun, 11/04/2012 - 21:36 | 2947365 Matt
Matt's picture

You are looking at it backwards. As poverty increases, so does support for the ultra right wing groups.

Sun, 11/04/2012 - 21:49 | 2947410 ArrestBobRubin
ArrestBobRubin's picture

No Matt, you're looking at it through gefilte colored lenses.

Until you take off those glasses (prescribed for you by your very worst enemies) you'll never see straight.

Sun, 11/04/2012 - 23:09 | 2947627 Matt
Matt's picture

Is English a second language to you? If not, please work on your reading comprehension.

The more the banking system impoverishes people, the more those people turn to ultra-right wing parties in search of a remedy.

Sun, 11/04/2012 - 23:49 | 2947734 JOYFUL
JOYFUL's picture

You are both correct...

people whose ability to put bread on the table has been diminished or disabled by the serial machinations of organized crime[aka usury banking system]are likely to pay more attention to the promises and propaganda of hucksters who promote ideologies that allegedly provide solutions to their problems...

a little known facet of these so called 'right wing' or 'nationalist' groups is that they are usually organized\funded by the very same criminal cartel of capitalist cabbalists who also fund the so called 'left wing' hucksters.

Both of these bought n paid for lackey formulations espouse and defend the right of their moneymasters to invade and demolish countries where the supremacy of usury banking is in any way challenged, and alternative systems of social welfare have been successfully re-distributing wealth without recourse to the predations of the "State" for centuries.

Left\Right left\right LEFT\RIGHT, the jackbooted thugs of the phariseeuitically-directed State command your obedience! Endorse their right to power on November 6th!

Sun, 11/04/2012 - 20:11 | 2947086 JustObserving
JustObserving's picture

If the US was not running deficits of $195 billion a month (enough to hire 145 million American workers with a take home pay of $7.50 an hour - there are only 135 million US workers now), there would be more Americans in  poverty than Greeks.

US debt and unfunded liabilties are now increasing at $70,000 per household per year.

"There was a recent estimate of U.S. debt both on and off the books.  The number was $230 trillion.  Since a quick check of the collective checkbook would show that the $230 trillion does not exist, what we have is mass delusion on a grand scale.  People are fighting over a piece of an imaginary pie.  The delusion is global."

$230 trillion works out to be a debt of $1,930,000  per household


Sun, 11/04/2012 - 21:10 | 2947300 SamuelMaverick
SamuelMaverick's picture

If those numbers are correct, then we in the USA are 100% completely fucked .

Sun, 11/04/2012 - 22:13 | 2947482 worbsid
worbsid's picture


Sun, 11/04/2012 - 19:58 | 2947088 asteroids
asteroids's picture

Greece has fallen into a fiscal black hole. They are finished, done. They need to default. Should people start dying due to hunger and poverty there is no one to blame other than their politicians. God help them if they get a cold, wet, snowy winter.

Sun, 11/04/2012 - 20:19 | 2947154 Spitzer
Spitzer's picture

Wouldn't want to spoil a good closet dollar bull euro hate-on but...

Greece, Portugal, Spain and Ireland erase current account deficits and record surpluses.


Sun, 11/04/2012 - 20:14 | 2947128 LeisureSmith
LeisureSmith's picture

Never thought i'd see Israel between Tonga and Bhutan.....on any list. Iraq still living the good life, not so surprising.

Sun, 11/04/2012 - 20:41 | 2947213 Zero Govt
Zero Govt's picture

waring with your neighbour/s for 80 years is never good for your economy... it'd be even worse were it not for heavy US Govt subsidies sent yo Israel ...last figure i saw was $20,000.00 per head of population

great charity (basket) case Isreal

Sun, 11/04/2012 - 21:43 | 2947385 max2205
max2205's picture

Greece = West Virgina- moonshine

Sun, 11/04/2012 - 20:50 | 2947241 Matt
Matt's picture

Ultra orthodox jews tend to be quite poor. The poorest area in America is a place in New York State with over 60% of the population in poverty, with most of the population there jewish. 


Sun, 11/04/2012 - 21:12 | 2947301 ArrestBobRubin
ArrestBobRubin's picture

Oh the poor victims! Might help if they actually became Americans and were willing to work outside their cult.

Ever been to "Kiryas Joel"? I have, it's a Jewish hell hole. One the residents enthusiastically created for themselves.

Sun, 11/04/2012 - 21:34 | 2947353 Matt
Matt's picture

No claims of victimhood from me, although I might consider the women to be, as in most intensely religious groups, they get treated as breeding stock and married off at a young age to produce as many little believers as possible.

Just reconciling what at first some see as a contradiction, "poor jews", by showing that the mainstreamers are quite different from the ultra orthodox.

Mon, 11/05/2012 - 06:58 | 2948078 NoDebt
NoDebt's picture

"No data" for Australia and New Zealand??

Sun, 11/04/2012 - 20:21 | 2947159 Atomizer
Atomizer's picture

Who is winning the war on UN sanctions now? 

EU, US reach preliminary deal on Iranian oil embargo 

Iran may revise its policy on oil supplies to global markets: Minister 

Iran's nuclear ambitions targeted with broader EU sanctions -2011


Captain hindsight has already broke his/her keyboard to re-spin geopolitical mistake’s. I’ll wait before presenting Merkel making her public speech. They think it’s gone down the internet memory hole.. LOL –What dumb fucks!!

Sun, 11/04/2012 - 20:25 | 2947168 Pretorian
Pretorian's picture

Greece will become new axis of evil. 


Mon, 11/05/2012 - 07:48 | 2948117 Anasteus
Anasteus's picture

... or the first state to extricate from the international ponzi cronyism paving the way for other countries to liberate, even if painfully.

Sun, 11/04/2012 - 20:33 | 2947176 Zero Govt
Zero Govt's picture

"The number of people in Greece classified as living below the poverty line reached 2.34 million (or over 20% of their 11.3 million population)..."

Truly terrible.

Will the 'Birthplace of democratic Govt' ever learn it's Govt (the cabal of parasites sucking on the private sector) that ruins and bankrupts their economy, divides their society and wrecks their country over and over again?

Prosperity squandered and bankruptcy wrought by corrupt, irresponsible Greek politicians has happened so often you'd think they'd 'get it' that this institution is nothing but an out-of-control wrecking ball

Stop Paying Your Taxes Greece ....Govt sucks, Christine Lagarde does too

Mon, 11/05/2012 - 14:22 | 2949195 Anasteus
Anasteus's picture

Don't worry, Greeks have not been paying taxes for years.

Sun, 11/04/2012 - 20:33 | 2947192 Bam_Man
Bam_Man's picture

Holy Baklava, Batman!

Sun, 11/04/2012 - 20:41 | 2947212 Azwethinkweiz
Azwethinkweiz's picture

I was driving around Los Angeles today and couldn't help but notice how many people living in poverty are obese.

Sun, 11/04/2012 - 20:49 | 2947230 Zero Govt
Zero Govt's picture

the PC lefties will call you a 'bully' and are 'verbally abusing' over-weight kids in a playground if you call them "fatty"

nowadays you can barely switch on a TV or open a newspaper without these same PC shills screaming about "obese people" and how they must lose weight trumpeted everywhere in the public space

we should take a survey, do fat people prefer to be called "fatty" in a playground or the PC cretins shouting they're "obese" all across the media non-stop 24/7 and wanting to meddle in their food and diet  

Sun, 11/04/2012 - 21:00 | 2947264 Azwethinkweiz
Azwethinkweiz's picture

I wonder how many people who profit handsomely off weight-loss products and gym franchises invest those proceeds back into $MCD and $MON?

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