The EU's financial pinch has turned to poverty

The human fallout of the global financial crisis has reached worrying proportions in Europe, with a quarter of the union's citizens now facing poverty risk. And these figures likely underestimate the extent of the problem.

Around 125 million people in the European Union were at risk of poverty or social exclusion in 2012 according to a report released by Eurostat. It is a sobering reminder of the human element inherent to an economic crisis that began in 2007 and shows few signs of abating.


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