Arab Today, arab today millions more europeans at risk of poverty if austerity drags on
Last Updated : GMT 00:25:05
Arab Today, arab today
Arab Today, arab today

Millions more Europeans at risk of poverty if austerity drags on

Arab Today, arab today

Arab Today, arab today Millions more Europeans at risk of poverty if austerity drags on

Brussels - AFP

Up to 25 million more Europeans are at risk of sinking into poverty by 2025 if governments push on with austerity measures, international aid agency Oxfam warned Wednesday, calling such policies \"moral and economic nonsense\". \"Europe\'s handling of the economic crisis threatens to roll-back decades of social rights,\" said Natalia Alonso, head of Oxfam\'s EU office. \"Aggressive cuts to social security, health and education, fewer rights for workers and unfair taxation are trapping millions of Europeans in a circle of poverty that could last for generations. It is moral and economic nonsense.\" \"The only people benefiting from austerity are the richest 10 percent of Europeans who alone have seen their wealth rise. \"Greece, Ireland, Italy, Portugal, Spain and the UK -- countries that are most aggressively pursuing austerity measures -- will soon rank amongst the most unequal in the world if their leaders don\'t change course. \"For example, the gap between rich and poor in the UK and Spain could become the same as in South Sudan or Paraguay,\" added Alonso. If left unchecked, austerity policies could put between 15 and 25 million more Europeans at risk of poverty by 2025, said the agency. \"This would bring the number of people at risk of poverty in Europe up to 146 million, over a quarter of the population, warned Oxfam ahead of a EU finance minister meeting in Vilnius. Oxfam said that there are lessons to be learnt from deep cuts made to social spending in Latin America, South East Asia and Africa throughout the 1980s and 90s, noting that some countries in these regions took two decades to claw their way back to square one. \"There are alternatives to austerity. Ahead of (Friday\'s) EU finance ministers\' meeting, we\'re calling on European governments to champion a new economic and social model that invests in people, strengthens democracy and pursues fair taxation. \"Governments could raise billions for public services, such as health and education, by taxing the wealthiest and cracking down on tax dodging.\" \"A new model of prosperity is possible. Investing in schools, hospitals, housing, research and technology, millions of Europeans could be put back to work and support a sustainable economy,\" Alonso said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today millions more europeans at risk of poverty if austerity drags on Arab Today, arab today millions more europeans at risk of poverty if austerity drags on

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday