Brussels fears ‘poverty trap’ for half of Europe as North-South gap widens, By Ambrose Evans-Pritchard, January 8, 2013, The Telegraph: “The jobless rate has reached an all-time high of 26.6pc in Spain, rising to 56.5pc for youth. It is much the same picture in Greece, where unemployment has spiked from 19pc to 26pc over the past year as austerity bites in earnest, with Portugal not far behind as it follows suit with draconian cuts. There are now 18.8m people looking for work across the eurozone…”
Poverty gap widens between member states, By Nikolaj Nielsen, January 8, 2013, EUobserver: “The economic crisis, which has stripped the social welfare rights of millions, is contributing to a widening poverty gap between member states, the European Commission has said. The worst affected are young people, unemployed women and single mothers in member states predominately located in the east and south of the Union…”