Greek-Style Cuts Widen Lithuanian Income Gap: Chart of the Day
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Lithuania’s austerity measures, which are similar in size to those facing Greece, boosted income inequality to the widest in the European Union.
The CHART OF THE DAY shows how the proportion of people at risk of poverty in Lithuania surged to the highest level among the bloc’s 27 members after state spending was cut. The lower panel shows the gap between the nation’s highest and lowest earners is the EU’s widest after budget savings hurt the poor.