EU rich-poor divide widens but still a worldwide low

File: In Western Europe the richest 10 percent earn, on average, seven times more than the poorest 50 percent before taxes.PARIS - Although the gap between rich and poor has widened in the European Union over the past decades, the bloc is a world leader in fighting inequality, experts say.

Bulgaria has the highest level of inequality with a Gini index of 40, according to the EU's statistics office Eurostat. "The European top one percent grew more than two times faster than the bottom 50 percent," the Paris-based group of experts said in an April report. Here"privatisations associated with the transition from socialism to capitalism have benefited a small elite," the report said.In Western Europe the richest 10 percent earn, on average, seven times more than the poorest 50 percent before taxes, WIL said. However, after tax, this is only five times more -- a drop of 29 percent.

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