A fifth of Spaniards living below the poverty shows latest stats

Monday, October 22nd 2012 - 19:45 UTC

Full article 3 comments

Every fifth resident lives in poverty in Spain, new figures showed on Monday.
The national statistics institute INE said 21.1% of the 47-million population lives below the poverty line, meaning they live on less than 7,355 Euros (9,610 dollars) annually. Read full article

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ChrisR
They should think themselves lucky.

2 in 5 are living below the poverty line in AG.

P.S. but not according to INDEC.
Oct 22nd, 2012 - 09:03 pm - Link - Report abuse 0
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Ayayay
44% of Spaniards cannot go on holiday-by this they mean outside of Spain, almost certainly.
Oct 22nd, 2012 - 11:07 pm - Link - Report abuse 0
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yosoy
There are many similarities between Spain and Argentina - a recent history of dictatorship, high levels of corruption, very few (and diminishing) private sector jobs, corrupt public sector, a history of unrealistic currency pegs... At least Argentina had the sense to leave its peg when it did.
So maybe its out of solidarity that Argentina is deliberately destroying its own economy and cutting any sort of possibilities for future prosperity? It could be so rich, but instead chooses to throw everything away and maintain its population in poverty so it has an equally dismal future as its colonial parent.
How sweet.
Oct 23rd, 2012 - 02:00 pm - Link - Report abuse 0
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