The financial crisis caused a 'dramatic change' in European poverty, finds new study

Jul 25, 2016

The Euro currency sign is seen next to the European Central Bank (ECB) headquarters in Frankfurt November 6, 2012. The European Central Bank is set to leave interest rates unchanged on Thursday, deferring a cut in borrowing costs that would risk undermining the impact of Mario Draghi's signature policy a year into his ECB presidency. A raft of weak economic data support the case for cutting rates but to do so could stir up debate in Germany about the ECB going soft under Draghi and blunt the impact of his new bond-purchase plan, dubbed Outright Monetary Transactions (OMT).

A new study looks at multi-dimensional poverty across European countries. Image: REUTERS/Lisi Niesner

Rod Hick

Lecturer in Social Policy, Cardiff University

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