Crisis: inequalities grow among Greek population, OECD says

22 May, 10:17

    (ANSAmed) - ATHENS, MAY 22 - Greece has emerged as a champion in inequality among the member-states of the Organization for Economic Cooperation and Development (OECD), whose most recent report found that across its 34 member-states inequalities in general became more acute last year. As Kathimerini online reports, the OECD stressed that it is fundamental to sustainable development for inequalities to be reduced through the creation of quality jobs, the increased participation of women in labor and the leveling of salaries made by men and women in the same jobs. In Greece's case in particular, the data are very worrying: The poverty rate soared from 11% in 2007 to 32% in 2013, with 20% of children and young people living below the poverty line. The richest 10% controls 25% of disposable income against the share of 2% that is controlled by the poorest 10%.

    Across the OECD's members, the richest 10% of the population has an income that is 10 times higher than the income of the poorest tenth of the population. The biggest inequalities were recorded in the USA, Israel, Turkey, Mexico and Chile, while the best balance is seen in Denmark, Slovenia, Slovakia and Norway. In the period from 2007 to 2011 almost all OECD member-states saw their household income stay unchanged or drop slightly, especially in the countries mostly hurt by the financial crisis.

    In Greece, however, the decline came to 8%, against just over 3.5% in Spain, Ireland and Iceland. (ANSAmed).

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