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1 In 4 Europeans At Risk Of Poverty
As bonds and stocks soar, and Europe's leaders continue to proclaim victory, despite Draghi's downbeat jawboning as EUR surges to growth-crushing levels, it is well known that the employment situation remains abysmal in the real economy. However, what is worse that the red-flashing-headlines of record youth (and total) unemployment is, as Bloomberg's Niraj Shah notes, 125 million people in the EU were at risk of pverty or social exclusion. According to Eurostat, that is 24.8% of the population. Almost half of Bulgarians faced economic hardship and Greece had the highest poverty rate in the euro area at 34.6% (though if Stournaras was to be believed this weekend, their problems are solved).
Source: Bloomberg Brief (@economistniraj)
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Everyone is at risk of poverty.
shhhh! that's supposed to be a secret.
Poverty is a state of mind as a precursor to the hunger games.
I can only imagine there are some sick fucks that would like to see it happen. Damn those cunts, to hell.
and those dumb ass brainwashed Ukranian's r rioting to gain entry to the EU plantation...
fucking morons.......
Corruption is the biggest problem in Ukraine. Joining the EU, would actually help on this ground.
Tyler you should link this to the article (again courtesy of Kito) It's just tremendous.
http://www.youtube.com/watch?v=CBVFpYN0iNo#t=25
Agreed. It is tremendous. A belated thank you to Kito.
Excellent speech. Is Mr. Bloom a twin brother (figuratively speaking) of Mr. Farage?
fonz, just looked one minute of it, and I'm sorry, it's not
the Brussels team is 30k strong (slightly larger than the US Secret Service team, which is 22k strong) but it's composed out of 28 nationalities. most of them have their primary residence outside of Belgium. this would mean 28 tax systems to care for
paying them (with national funds) and then taxing them would mean a lot of additional bureaucracy. a lot of bitching, and a lot of additional costs
just the usual Brit MEP bitching about something most EU countries anyway do as a matter of fact - i.e. giving their Civil Servants a tax-free salary
Hey Ghordius, I have gotten some feedback as well that this is not what I thought it was. I think it would be easier however to start with the hangings and then sort everything else out after.
send to tips@zerohedge.com
I'm sorry, what?
have you ever been there? have you ever talked with "Ukranians"? before calling one third of them "fucking morons"? I have, before and after the Iron Curtain fell
I doubt you have any clue when you write "EU plantation". explain the term, give a definition, if you dare
Bullshit buddy - the CIA stench is ALL OVER THESE protests. The EU/US despise Russia - they compete with Russia- the do NOT want the Ukraine in the Russian camp
...........and the remaining 3 out of 4 €uropeans suffering denial!
I'm sorry, what was the topic again?
Vacation? Yes, in 2 weeks from now. It's part of my 9 paid weeks I get.
"9 paid weeks of vacation" would of course be instrumental in making societal poverty MUCH more likely.
that's when he really works!
You only work when you're laid off or laid back or just laid!
Yea those German Dutch and Danes are real poor. Another UI (usefull idiot) for the Oligarchy
Sounds like state workers in the U.S... Except, if you were a teacher, it's probably more like ~16 weeks off.
Not to mention a plethora of paid holidays, and worst of all, full retirement and helath benefits by your early 50's.
ALL on the back of the already hidesously overloaded taxpayer.
Didn't know you're a politician, or is it a banker?
I hereby offer to adopt four Scandinavian dancing girls, and I will encourage friends and neighbors to do the same.
Ze problem, she is solve-ed.
Inspector Clouseau.
problem is, no Scandi country on the list. meanwhile if the Ukranians would accede to the EU, this statistic would look even worse. yet it's "in danger of poverty", not "in poverty"
Never in the Netherlands...
Allmost all of the Netherlands is underwater... need I say more?
When Monti bowed to banksters
a short story of how a country can be loaded with 40 billion euros additional debt in just one day
http://failedevolution.blogspot.gr/2013/12/when-monti-bowed-to-banksters...
1 out of 4 Europeans in poverty.
This pairs well with 1 in 6 Americans on food stamps.
Give us some MOAR of the hopey changey there Barry you fucking prick!!!
from south europe
http://www.youtube.com/watch?v=0muhqQyQZk8
SIDENOTE!!!!!
We included eastern europe and THEY WHERE POOR TO START WITH!!!!
In the West it's still pretty shinny!
If you compaire it to America it's pretty clear where you want to live. Europe. Believe me.
Plus American food sucks. Bigtime. And their woman don't.
not sure which hurts u more : the food or the women.
well, you can go 1 day without water, 30 days without food but sex?.... Nobody even tried that out how long they can do without.
sexx or suxx? which is it? You sound like u need schweppes!
You have to stick with the young ones, SD.
They have been well trained in sex from the net.
Anyway, the older ones are too fat. Now if the Euro girls had better hygiene and the American chicks less fat...;)
But if you're a pedophile Belgium is definitely where it's at. It's basically state sponsored, and even those who find it deplorable basically ignore that their local and federal polilticians (and their monarchs??) are passing around 8-year-old boys at ritualistic parties. Yep, you should be proud as all get out!
As a Belgian, I've hardly ever read a more nonsensical and disgusting post than this one. Where in heaven do you get your information from? Get a life and stick to the facts. And no, I'm not exactly a chauvinist when it comes to my own country, but please don't post this kind of crap on Zerohedge.
Dutroux, is that you back from the dead? Whatever you do, keep your head buried deeply in that sand....
No, this is not Marc Dutroux, but a Belgian father of 3 - two daughters of 17 and 12 and a son of 15 - who would kill any man that would lay his hands on one of his children, and I mean I would literally kill him and then willingly go to jail for it.
But check you facts and prove your point or shut up. Or do you really think that the existence of a Charles Manson group, a Ted Bundy or an Adam lanza in your country automatically implies that your politicians slaughter pregnant women like pigs, are serial killers or shoot innocent children?
Idiot.
People go to jail in Belgium?
http://www.brusselsjournal.com/node/1139
Idiot....
Yeah, please stick to the ignorant, grossly uninfomed America bashing, which seems so very popular here among the "hip", cynical crowd here on ZH.
Note: The Kenyan and his Communist handlers are not the America I am referring to.
Exactly. Nothing hotter than bony nosed Gaulic women with poor grooming habits and malodorous, unshaven armpits. But dissing pomme frites with mayonnaise? What's wrong with you? lol
You're from Belgium if memory serves....On the women front, you Belgians have NOTHING to brag about, trust me. Went to school there for a 18 months and still visit friends there regularly. You can literally walk around Brussels without seeing one solitary attractive female, and if you do stumble upon one, she's probably from Tunisia or Sub Saharan Africa. I guess that's where the good beer comes into play. And gotta love that weather. Yessiree - give me 250 days of rain a year! Just can't beat that.
These people voted for this. Greeks voted to retire at 50.
Now they are retired at 22.
Much the same can be said about US workers that were promised the moon on government pensions which now are being wiped out thanks to bankrupt cities.
Gypsies from Romania and Bulgaria will soon be heading out to the U.K. to seek out a new life by providing all the necessary skills of survival including picking the pockets of the ordinary english folks LOL.
The impoverished british people don't stand a damn chance against the bohemians.
Germany is being plundered bigtime by unskilled, mostly unemployable hoards of Roma, gypsies and the general poor/desperate from all over the EU. It´s costing tens of billions in welfare costs, which the state and local governments don´t have, and it´s just sprouting ghettos everywhere. Insane.
This is the fruit of the plague of non-judgmentalism.
All cultures are equal after all.......
those countries with strong savings and social nets can face the down turn better, EVEN if their banks burn in meltdown. A nation state can resuscitate its economy faster, nationalise finance and restart banking, if there is SOCIAL COHESION and discipline and people do not OVER MISTRUST their state power to the point of falling into rebellious anarchy.
A financial meltdown of electronic money the country can survive; the social meltdown is much more difficult to ride out in a democracy; its fall out is return to Despotism à la Franco or Mussolini or worse!
Just look around us; Syria and Libya and Egypt, no state structure or democracy...Thailand : we'll find out.
Meanwhile our western oligarchs are feeling the heat from this ever increasing challenge to Democracy :
Concern Over China's Surging Exports - Business Insider
yes one can definitely predict fascist regimes resurging soon all across europe.
at least in US they have food stamps program working, in europe no such plans exist
Throughout the European history, the most successful states were not nation states, but city states. The only real reason for nation states was their ability to field large armies. In today's Europe those are not needed anymore. Hence, a drift/tendency towards smaller units, where average citizens can actually influence their own lives, has surfaced again. In contrast, the European Union is an attempt to keep political and economical power centralized to a tiny elite. If you're looking for Fascism, look no further than Brussels.
Decentralization will win on the long run, but it seems the puppet masters won't let go easily. It has to get worse before it gets better.
yes and no. there is a push towards regions becoming sovereign. yet it's because of the EU "umbrella". have a look, every separatist movement in Europe wishes for EU membership. every and each one. it's the nation-states that deny them the automatic right to membership (example: Spain with Catalunya). the EU is still a nation-state club
of course as usual the UK might break the ground, then it really might give independence to Scotland. and then push for an automatic membership of it's sister. yet Spain, France, Italy, Belgium and other nation-states with breakaway-wannabe provinces are likely to vote against, in the Council, and put the new sovereign Kingdom at the back of the line of accession
meanwhile yes, in Brussels you have a concentration of economic policy power (as long as it is related to the common market etc.), including the equivalent of K-Street with all the lobbyists. yet not political power. example: nobody in Brussels can tell France to intervene militarily in Mali or not. That decision is done exclusively in Paris. Or, of course, partly in Paris and partly in Washington
and no, monetary policy is not done in Brussels, it's done in Frankfurt
in fact, if you look at what really goes on in Brussels, the real political "added value" is the many mandatory meetings of the national governments (aka Council)
stop painting the EU in the terms of our most fervent federalists. you are just helping them with that. in fact, nearly every American commenting on the EU seems to do that
it ain't a copy of the US
You forgot that mililtary interventions are determined in Tel Aviv, not in Washington. Also, Europe is at the behest of banker fucks. Period. And why do you think separatist movements want to be a part of the EU? Maybe some do, but do you really think that ethnic nationalists even if they do separate from their former nation-state (ex: Catalonia from Spain; Scotland from UK; etc.) that they're going to subvert their new found freedom and soverignty to the EU?
Socialism fails again-who'd of thunk it?
Meanwhile, today Italy is being blocked by a popular movement originated in Sicily and Veneto, that spread through the Internet, that is succeeding in bringing crowds to the streets.
In many Italian cities railway stations and/or motorways are blocked, and demonstrations are being held everywhere. In some places, the Police took off their helmets, sympathizing with the protesters.
More info: http://www.novedicembre.altervista.org/
Twitter Hashtag: #9dicembre
whats the chances of poverty in an appalachian state?....theres more than 500 million in the europeen union the figures look pretty good compared to
the good `ol U.S.A
And here's the common denominator in all those countries:
They ALL have excess "government".
.
.
...get rid of excess government, you get rid of the problem.
The EU's Promised Land is turning barren.
Poverty is relative. In northern Europe being poor is different than Bulgaria, for example. A poor person there is still among the richest in the world. They just can't eat out as much.
The Greek finance minister Stournaras is a piece of sh*%#. In a few days time the government will have the power to demand details of any taxpayer's banking profile and will be able to make direct withdrawls from any person's account. Tax collectors have him worried after they started accessing the files of parliamentarians and are asking how his own mother is able to survive on €500 per month.
The government is about to accept a European demand for massive home foreclosure sales and constantly lies about the state of its finances. There is still no real primary surplus so it is clear that Germany aims to asset strip Greece as a means of recouping some its losses.
It has at the request of the Europeans and the Americans attacked the fringe party of Golden Dawn because of the surge in its popularity by imprisoning certain of its members on spurious charges. To date this has proven to be a farce.
Friends tell me that the sight of people going through rubbish bins no longer elicits disbelief.
Close to 350,000 people annually have their electricity cut off with 40% unable to have it reconnected. Children faint in classrooms from hunger. The record youth unemployment would have been far worse without the thousands who have emigrated.
The worst for Greece is yet to come. The same goes for Spain.
After so any years of the Greek GDP plunging one has to wonder whether the policies were in fact meant to fail in order that some other sadistic agenda could be implemented.
'one has to wonder whether the policies were in fact meant to fail in order that some other sadistic agenda could be implemented.'
Thought you were talking about the US there.
Its a race to the bottom with Japan currently in the lead. The US is close behind but well prepped to make quantum leaps to the head of the pack. Europe had been the long term leader but has even been failing in the race to the bottom. But I have faith in their inability to right the ship. They will show us all how much they trained in failed economics.
Netherlands lowest risk of poverty, highest risk of drowning. Fingers out plug the fcuking holes!
Someone tell that to Ukrainians, they are eager to throw their lot with the bankers and corporate 'crackers' like their counterparts in Estonia, Latvia, Greece, Hungary and Romania. Hooray for FREE Europe. Join now, next stop is Africa or Asia deployment young Nationalist fools for you or you can always work as a domestic for a German or Dutch and owe your future to the bankers.
In the end you are going to be forced to emigrate.
The Netherlands lost its AAA status and perhaps the banks will turn on that country: they have a far too low percentage of people running a risk of poverty. Can't have that in a banker's world.