Brussels

Italians face 'elevated risk of poverty' says EU

European Union faces bleak 2013 outlook

Italians face 'elevated risk of poverty' says EU

Brussels, January 8 - There is an "elevated risk" that many Italians may fall into an "enormous poverty trap" as the economic crisis worsens, according to an EU report on unemployment and social development released Tuesday. The news was coupled with a bleak forecast for the entire 27-member European Union. Lazslo Andor, EU social affairs and employment commissioner, on Tuesday warned that the economic crisis would probably endure with few improvements in 2013 if leaders failed to implement notable changes. "It is improbable that Europe will see many socioeconomic improvements in 2013," he said, "unless it makes more credible progress towards resolving the crisis, finds the resources to make necessary investments and jumpstarts the real economy".

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