NEWS FLASH

116 Million Europeans ‘At Risk Of Poverty,’ With More Austerity On The Horizon | According to the European Commission, “roughly 40 million Europeans are suffering ‘severe material deprivation’”, while “116 million EU citizens are judged ‘at risk of poverty.’” Yet, the continent is doubling down on the same austerity policies that have killed growth from Greece to the UK. Spain’s unemployment rate just hit 25 percent, while “austerity measures, worth over 60 billion euros by 2014, are likely to crimp growth further, and cast more workers out of a job.”