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Former EU commissioner and World Bank chief Georgieva will launch the report in Brussels on Thirsday (Photo: worldbank.org)

EU populism feeds on poverty, World Bank warns

The World Bank has warned that deepening economic inequality in the EU risked fuelling populist politics.

The US-based development body is to say in a report, out on Thursday (8 March), that inequality has been "mounting in many parts of the EU since 1990 as low-income Europeans have been falling behind in the labor market."

Its figures show that the earnings of the poorest 10 percent of Europeans fell by 7 percent in recent decades, while the earnings of the EU's wealthiest 10 ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Former EU commissioner and World Bank chief Georgieva will launch the report in Brussels on Thirsday (Photo: worldbank.org)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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