Calamos Supports Greece
GreekReporter.comGreek NewsEconomyMore Than a Third of Greeks Were Living in Poverty in 2013

More Than a Third of Greeks Were Living in Poverty in 2013

povertyGreece ranks fourth among the 28 EU member-states with the highest percentage of citizens living on or below the poverty line, according to figures released by the Hellenic Statistical Authority (ELSTAT) and published in a report by the Foundation for Economic and Industrial Research (IOBE) on Wednesday.
According to the report, just over a third of Greeks were living on less than 60% of the national median income in 2013 (34.6% or 3,795,100 individuals). This percentage has increased steadily since 2010 and the start of the bailout programs for Greece, from 27.6% in 2010 to 27.7% in 2011, 31% in 2012 and 34.6% in 2013.
ELSTAT’s figures showed that the risk of poverty in Greece has increased significantly since 2010 and the percentage of relative poverty increased by 17.3% or 3.4 percentage points. During the same period, the poverty gap increased by 24.1% while the risk of poverty and social exclusion by seven percentage points or 25.4%.
Among EU28 countries, the percentage living in relative poverty was highest in Bulgaria (49.3%), Romania (41.7%) and Latvia (36.2%).
Greece’s poverty rate also outstripped that of other EU countries that have entered bailout programs, where the equivalent percentages were 30% in Ireland, 28.2% in Spain, 27.1% in Cyprus and 25.3% in Portugal.
The five EU28 member-states with the lowest rates of poverty were the Netherlands (15%), Czech Republic (15.4%), Sweden (15.6%), Finland (17.2%) and Luxembourg (18.4%). The average poverty rate in the EU28 countries was 24.8% and in the Eurozone countries 23.3%.
(source: ana-mpa)

See all the latest news from Greece and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!

Related Posts