Voice of America: Safety Nets Shielded Europe's Poorest From Crisis

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Safety Nets Shielded Europe's Poorest From Crisis May 15th 2013, 00:07 New figures from the Organization for Economic Cooperation and Development show that social welfare programs shielded some of the poorest Europeans from the harshest effects of the global financial crisis - programs that are now being cut as countries adopt austerity measures. The new study by the Paris-based Organization for Economic Cooperation and Development looks at a number of countries hit by the financial crisis between 2007 and 2010, including the United States and Mexico. But its ...

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