German households at the moment are richer than Italian ones | EUROtoday

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Vor round ten years in the past, European wealth statistics attracted plenty of consideration and, in some locations, anger: as a result of they confirmed that individuals within the supposedly wealthy north of Europe, particularly in Germany, had been poorer than individuals within the south. Those had been the instances when there was heated debate in regards to the euro rescue packages for southern European states. The AfD was based in 2013 and initially railed towards the help measures to protect the financial union.

How can it’s that the north ought to save the south when the individuals there are poorer? was requested. The wealth variations on the time had been primarily on account of actual property possession, which is considerably bigger in a rustic like Italy than in Germany. There are merely far fewer individuals renting south of the Alps.