FionaK |
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| Countries Gini Coefficient (UN) Sovereign Debt/GDP (IMF)
I have reposted this information from an article by one Alan Storkey, who is an economist. It is figures for the GINI index for most european countries and for the US and Canada.
Greece 34.3 130%
Italy 36 118
United States 40.8 100
Belgium 33 100
Ireland 34.3 93
France 32.7 84
Portugal 38.5 83
Canada 32.1 82
Spain 34.7 65
United Kingdom 36 77
Denmark 24.7 44
Germany 28.3 74
Netherlands 30.9 66
Norway 25.8 54
Sweden 25 42
Switzerland 33.7 40
Luxemburg 26 20
What is striking is that those countries which are suffering because of "sovereign debt" are, for the most part, the same countries with greater inequality of income and wealth. That is what the GINI coefficient measures. The higher the number the greater the inequality.
Since the justification for loading the pain on to the poor is, in part, their irresponsibility in the past, I think these figures are very telling. As I have said elsewhere, the poor did not attend the party.
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