‘Up to 146 million risk poverty if EU’s austerity drags on’ — RT Business

‘Up to 146 million risk poverty if EU’s austerity drags on’ — RT Business:

As EU countries battle the financial crisis with austerity, average citizens get hurt while unemployment rises and social programs disappear. Up to 146 million Europeans are at risk of falling into poverty by 2025, the head of Oxfam’s EU office told RT.

If the damage being inflicted by the European Union’s austerity measures is not reversed, the number of people trapped in poverty will increase by up to 25 million people. If that is the case, Europe will be facing a “lost decade,” leading philanthropy organization Oxfam revealed in its new report.