Thursday, October 10, 2013
Europe Falling into Economic and Social Decline - Red Cross Blames Austerity
Poverty, mass unemployment, widening inequality, social exclusion and collective despair - those, according to the International Red Cross, are the symptoms of the austerity measures enacted in response to the European debt crisis.
"Whilst other continents successfully reduce poverty, Europe adds to it" says the 68-page report from the International Federation of Red Cross and Red Crescent Societies. "The long-term consequences of this crisis have yet to surface. The problems caused will be felt for decades even if the economy turns for the better in the near future... We wonder if we as a continent really understand what has hit us."