Spanish Prime Minister Sanchez talks about poverty in Europe

One in five European residents is on the verge of poverty and social exclusion. This was announced on December 17 by Spanish Prime Minister Pedro Sanchez.

"Meanwhile, 93 million Europeans — one in five — live on the brink of poverty or social exclusion. This is not just the opinion of experts or institutions: about half of Europeans consider the housing problem to be "urgent and urgent," Politico newspaper quotes him as saying.

According to Sanchez, between 2010 and 2025, housing prices in European countries increased by 60%, while rent rose by almost 30%. A threefold increase in prices was recorded in Estonia and Hungary.

Europe, it is argued, should remain a haven for the values that underpin democracy. As a result, the Prime Minister insists on a comprehensive solution to the problem of housing affordability.

Labor turnover: wage gap between rich and poor has reached its lowest level in a quarter of a century

What is the reason and why Russia is inferior to Europe in this indicator, but not the United States?

Bloomberg reported on November 7 that car prices in Germany are rising faster than the wages of citizens. Because of this, even traditional German stamps become inaccessible to the public, which causes public discontent. It is noted that the decline in purchasing power occurs against the background of rising prices for everything from housing to food and electricity. On average, prices in Germany have increased by 88% over the past decade.

All important news is on the Izvestia channel in the MAX messenger.