Eurostat: 27 in every 100 Spaniards at Risk of Poverty

Eurostat: 27 in every 100 Spaniards at risk of povertyThe 2013 Yearbook of the community body allows only a fool’s consolation for Spain: the Spanish are not the last or next-to-last in this parameter, but the nineteenth. In other words, out of the 28 countries of the European Union, there are still 9 behind them -including Italy.

Bulgaria is last on the list, with almost half of its population –a 49.1%- at risk of poverty. Second-to-last is Romania, with 40.3%, followed by Latvia and its 36.6%. Before Spain, we find Croatia (32.7% at risk of exclusion), Lithuania (32.5%), Hungary (32.4%), Greece (31%), Ireland (29.4%) and Italy (28.2%).

Out of the 18 countries slightly better than Spain in Eurostat statistics, there are Poland (26.7% at risk of poverty), Cyprus (24.6%), Portugal (24.4%), Estonia (23.4%) and the United Kingdom (22.7%). The countries with less risk are the Czech Republic (just 15.4%), Holland (15.7%) and Sweden (16.1%).

A total of 121 million people are facing serious economic difficulties in the European Union as a whole, with severe material shortage and low labour activity. The Bulgarian region Yuzhen Tsentralen is the most affected in the EU, with a loss of -9.8% between 2008 and 2011. In second place we find ex aequo Comunidad Valenciana and Lithuania with -9.5%, immediately followed by Murcia and Baleares.

The biggest increase in unemployment among young people has occurred in a total of 6 regions, both Spanish and Greek. Out of the 43 European regions with a larger destruction of employment, there are 15 in Spain, 9 in Greece, 6 in Bulgaria, 3 in Portugal, and 2 in Ireland, Croatia and Romania. France, Estonia, Lithuania and Latvia have only one single region.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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