Since 2008 the global economy, following also the financial crisis, is facing a severe decline in economic activity and the economic estimates concerning the first quarter 2009 are even worse. While in the major industrialized economies Consumers Confidence Indicators (CCI) show common negative...

The paper analyses the static and dynamic risk of poverty in the enlarged European Union. In the first part of the paper an overview of cross-sectional poverty rates in 25 European Member States (apart from Romania and Bulgaria) using several indexes is presented and assessed. In the second...