EUROPEAN REVIEW

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ISSUE 64 page 9

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stats & facts

 

ETUI infographic shows wage fall since austerity

The European Trade Union Institute (ETUI) has published an interactive map, or infographic, which tracks wages and unemployment since the onset of the financial crisis in 2008. By comparing developments with the period 2000-2008 the effect of austerity policies can be seen. Most countries record falls in real wages with those subject to ‘troika’ programmes having the biggest decreases. The share of GDP going to wages has also declined in most Member States. The graphic allows the user to click to find statistics for individual countries as well as compare between them.
It can be found on the web at: http://www.etui.org/Topics/Crisis/Wage-development-infographic.

ETUIInfographic

Big majorities disbelieve austerity stategy in EU-wide poll

A weighted online and telephone poll conducted by the Gallup organisation has found that the majority of EU citizens have no faith in the austerity policies that have been pursued by most Member States and the infamous ‘troika’ since 2010. The International Monetary Fund (IMF), European Central Bank (ECB) and the EU Commission seem to have exhausted their political credit throughout Europe.  Not surprisingly the countries who have experienced the hardships of a troika ‘bail-out’ are the most cynical, with the exception of Ireland where more people answered ‘it is working but it takes time’ than ‘No it is not working’ to the question ‘Is the policy of austerity working in Europe?’. Only 22% of respondents agreed that the whole of Europe was served by the policy as against 67% who thought ‘only certain countries’ with Germany the favourite beneficiary.

AusterityPoll




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