(26 August 2015) – An article published by the Friedrich Ebert Foundation shows a stagnation of inequality in the EU since the 2008 crisis.
In 2013, Europe’s burgeoning inequality, ever underestimated by the EU, remained at a high level.
The catch-up process of the poorer countries that had been observed until 2009 was scarcely making headway any longer due to austerity policy and weak growth.
Even though domestic inequality had worsened in only a few countries – including Germany – since 2012, Social Europe’s pledge of cohesion remained largely unfulfilled.
According to the authors of the article, only growth based primarily on rising incomes among poorer population groups can provide sustainable prosperity for all.