[Thank a central bank near you…]  “As Germany finally begins to feel the pinch from a crisis that has pushed most of its neighbours into recession, it is the low-wage workers and the old-age pensioners who are being hit hardest, critics charge.  According to a new four-yearly poverty report drawn up by the labour ministry, the gap between rich and poor in Europe’s top economy is continuing to widen.  In 1998, 45 percent of Germany’s total wealth was owned by the wealthiest 10 percent of the population.  Ten years later, that proportion had risen to 53 percent, while around half of all households owned just 1.0 percent, the study found.”

http://www.rawstory.com/rs/2012/09/24/german-economic-miracle-leaves-the-poorest-behind/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy