Nearly half of in­comes be­low poverty line

Kathimerini English - - Front Page -

Over 44 per­cent of the Greek pop­u­la­tion had an in­come be­low the poverty line in 2013 ac­cord­ing to es­ti­mates by the Pub­lic Pol­icy Anal­y­sis Group of the Athens Univer­sity of Eco­nom­ics and Busi­ness (AUEB). The poverty thresh­old is mea­sured as 60 per­cent of the price-ad­justed av­er­age in­come in 2009, or up to 665 eu­ros per per­son per month and up to 1,397 for a cou­ple sup­port­ing two un­der­age chil­dren. The AUEB re­searchers also found that last year 14 per­cent of Greeks earned be­low the ad­e­quate liv­ing stan­dards, com­pared with 2 per­cent of the pop­u­la­tion four years ago. The group’s re­port, pub­lished last week, sug­gested that dur­ing the cri­sis in­stead of strength­en­ing sup­port to the un­em­ployed – which is one of the most ef­fi­cient meth­ods to rekin­dle de­mand – the state was forced to re­duce it. It added that be­sides the aus­ter­ity poli­cies of the last few year, the in­abil­ity of the state to con­tain the col­lapse of so­cial struc­tures is due to the lack of tar­geted strate­gies and to the in­ef­fi­cient use of re­sources, prob­lems that dogged Greece even be­fore the on­set of the cri­sis.

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