Inequality rises in EU, but still at a worldwide low

Although the gap between rich and poor widened in the EU over the past decades, the bloc is a world leader in fighting inequality, experts say.

But the scores of various countries within the EU differ markedly, with some of those of the former communist states in Eastern Europe bringing down the average. Topping the list as the most egalitarian are the three former communist countries of Slovakia , Slovenia and the Czech Republic, both around 24. They are followed by Nordic countries Sweden, Denmark and Finland, along with Belgium, the Netherlands and Austria, all scoring between 26 and 28.

Here “privatisations associated with the transition from socialism to capitalism have benefited a small elite”, the report says.In Western Europe, the richest 10% earn, on average, seven times more than the poorest 50% before taxes, WIL said. However, after tax, this is only five times more, a drop of 29%.

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