Oxfam Ireland Homepage
  • 3 mins read time
  • Published: 30th September 2013
  • Blog by Jim Clarken

Another austerity budget would damn future generations to life of poverty

The findings from our recent report on austerity are stark.

Austerity policies across Europe are benefiting the richest 10% of Europeans while forcing millions of ordinary people into poverty. 

And if Ireland and the rest of Europe continue along the path of austerity policies, it will drag between 15 and 25 million more people into poverty in Europe by 2025.

We have already seen the terrible impact of the recession here in Ireland being reinforced by harsh austerity measures by the Government.  Almost 14% of people are unemployed and this rises to 30.8% for young people under 25. The people who are paying the price did not cause this problem.