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Europe is facing unacceptable levels of poverty and inequality. Instead of putting people first, policy decision making is increasingly influenced by wealthy elites who bend the rules to their advantage, worsening poverty and economic inequality, while steadily and significantly eroding democratic institutions. Austerity measures and unfair tax systems across Europe are skewed in favour of powerful vested interests. It is time to reverse the course of poverty and inequality in Europe, putting people first., This briefing paper reviews the current situation and presents recommendations to help put an end to poverty and extreme inequality in Europe. It draws on data from Oxfam's research paper Background Data for Oxfam Briefing ‘A Europe For the Many, Not the Few’ for which the raw data can be viewed via our online data tool.

The new wave of land deals is not the new investment in agriculture that millions had been waiting for. The poorest people are being hardest hit as competition for land intensifies. Oxfam’s research has revealed that residents regularly lose out to local elites and domestic or foreign investors because they lack the power to claim their rights effectively and to defend and advance their interests. Companies and governments must take urgent steps to improve land rights outcomes for people living in poverty. Power relations between investors and local communities must also change if investment is to contribute to rather than undermine the food security and livelihoods of local communities.

European austerity programmes have dismantled the mechanisms that reduce inequality and enable equitable growth. With inequality and poverty on the rise, Europe is facing a lost decade. An additional 15 to 25 million people across Europe could face the prospect of living in poverty by 2025 if austerity measures continue. Oxfam knows this because it has seen it before. The austerity programmes bear a striking resemblance to the ruinous structural adjustment policies imposed on Latin America, South-East Asia, and sub-Sahara Africa in the 1980s and 1990s. These policies were a failure: a medicine that sought to cure the disease by killing the patient. They cannot be allowed to happen again. In A Cautionary Tale: The true cost of austerity and inequality in Europe Oxfam calls on the governments of Europe to turn away from austerity measures and instead choose a path of inclusive growth that delivers better outcomes for people, communities, and the environment., Oxfam has also produced a series of country case studies on the damaging effects of austerity. These cover France, Germany, Greece, Iceland, Ireland, Italy, the Netherlands, Portugal, and the UK, and are available to download below., "Oxfam's report, A Cautionary Tale: The true cost of austerity and inequality in Europe, makes an important contribution to assessing the high and long-lasting costs of these ill-conceived policies.", Professor Joseph Stiglitz