The European Union statistical agency Eurostat, is coming up with the figures showing how the empire is destroying the living standard of its member states, especially those “rescued” by bailouts. Eurostat’s latest figures show that the income disparity among EU nations is not only widely contrasting, but also that this income is also declining as well.
For example, the EU’s greatest “success story,” Greece, has had its population’s income and purchasing power constantly shrinking, and is now 25% below the EU averages. According to the Eurostat report itself, the highest level of Actual Individual Consumption per capita in all 28 EU member-states are in Luxembourg and Germany, which are almost 40% and 25% respectively above the EU28 average. Austria, Sweden, Denmark, Belgium, Finland, France and the United Kingdom recorded levels of between 10 and 20%, with the Netherlands just below 10%.
In the countries subjected to bailout, such as Ireland, Italy, Cyprus and Spain, the levels were as much as 10% below the average; Malta was between 10 and 20% below; Lithuania, Slovenia, Portugal, Poland, Slovakia and the Czech Republic were between 20 and 30% below the average; Latvia, Estonia, Hungary, and Croatia were between 30 and 40% below; and Romania and Bulgaria were around 50% below the average.
The fact that this is not the whole story and that poverty is increasing dramatically is revealed in a new study on poverty in Great Britain by Poverty and Social Exclusion project, which found that the number of British households living below the poverty line doubled over the past 30 years, in spite of nominal doubling of the British economy, according to the Guardian. This means that 33% of households, up from 14% three decades ago, endure below-par living standards — defined as going without three or more “basic necessities of life,” such as being able to adequately feed and clothe household members, and to heat and insure their homes.
Some 18 million British subjects live in inadequate housing, and one in three people cannot afford to heat their homes properly; 4 million adults and children suffer malnutrition and 5.5 million adults go without essential clothing; and more than one in five adults have to borrow funds to pay for day-to-day needs.
One of the directors of the report, Prof. David Gordon, of the Townsend Center for International Poverty Research at the University of Bristol, said, “The coalition government aimed to eradicate poverty by tackling the causes of poverty. Their strategy has clearly failed. The available high-quality scientific evidence shows that poverty and deprivation have increased. The poor are suffering from deeper poverty and the gap between the rich and poor is widening.”
Poroshenko Making Ukraine a European Colony
Ukrainian President Petro Poroshenko announced, today, that he would sign the Association Agreement with the EU in Brussels on June 27. European Commissioner for Enlargement and European Neighbourhood Policy Stefan Füle is in Kiev, today and tomorrow, to prepare for the signing, reports Itar-Tass, and is scheduled to meet with Prime Minister Arseniy Yatsenyuk to discuss the matter.
As EIR, Russian Presidential advisor Sergei Glazyev, and Ukrainian economist Natalia Vitrenko have documented, this decision will more than decimate what remains of the high-technology heavy industry sector of Ukraine, largely located in the Southeast of the country. According to Itar-Tass, the agreement “will basically mean the opening up of the Ukrainian market to European goods since Ukrainian industrial commodities cannot compete on European markets: there is no demand for the defense industry’s products as EU countries are adopting NATO standards, and agricultural produce can hardly make their way to the saturated European market where even EU countries have to observe production quotas.”
To make it worse, the regime announced, on June 16, that Poroshenko had banned all technical cooperation between the Ukrainian defense industry and the Russian defense sector. “Starting from today, we have effectively halted any cooperation with the Russian Federation in the defense industry,” said First Deputy Prime Minister Vitali Yarema (whom Poroshenko today named as Prosecutor General).
The two measures, together, will leave untold numbers of skilled Ukrainian workers unemployed. The Christian Science Monitor, in a June 17 article, covers the defense cooperation cutoff mostly in terms of its impact on on Russia, but makes the point that it will inflict massive pain on the Ukrainian side of the border as well, and the Association Agreement means that Ukraine’s military industries will get no help from Europe. “The effective termination of an estimated $15 billion in current contracts could lead to the collapse of some of Ukraine’s major companies,” write the CSM’s Fred Weir. “The Ukrainian defense sector provides many high-tech components to Russia, including helicopter and jet engines, transport aircraft, air-to-air missiles, tanks, and rocket parts. It’ll be difficult but not impossible for Russia to replace that output, but for Ukraine, it’ll mean the destruction of an entire high-tech sector of what’s left of its economy.”