March 2, 2013

Poverty in Europe

Italy is now worse than Spain, its poverty rate has climbed to 28.2%, even though the unemployment rates in the two nations are vastly different (Spain 26% and Italy 11.2%) reasons for such a higher poverty rate despite lower unemployment rates range from higher corruption levels compared to Spain to lack of unemployment benefits in Italy. Hardly surprising then that people voted en masse for Grillo and his MS5 which supports creating a dole system for those unable to find a job.

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