Eurozone crisis has pushed millions into poverty | Bangkok Post: business

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Eurozone crisis has pushed millions into poverty

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Crushed by an austerity squeeze and towering unemployment, millions of Europeans joined the ranks of the newly poor in 2012 in a crisis that showed no mercy for the old, women or children. 

Spanish anti-austerity 'indignados' stage a protest in Valladolid in October. Crushed by an austerity squeeze and towering unemployment, millions of Europeans joined the ranks of the newly poor in 2012 in a crisis that showed no mercy for the old, women or children.

An arc of misery spread pitilessly across southern Europe's middle classes, engulfing bailed-out nations Greece and Portugal and tottering heavyweights such as the eurozone's number four economy, Spain, and number three, Italy.

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