Posted on 10/03/2014 2:07:10 AM PDT by Citizen Zed
Private wealth across Europe reached an all-time high of 56 trillion euros (43.59 trillion pounds) last year and is set to rise by a further 40 percent to almost 80 trillion by 2019, research conducted by a Swiss private bank showed.
Julius Baer's inaugural "Wealth Report: Europe" showed that despite recent concerns about economic malaise, Europe has maintained his role as one of the wealthiest region's in the world, its authors said.
Wealth in Europe rose by 1.7 percent last year, exceeding the previous peak recorded prior to the 2007-2009 financial crisis.
Germany, Britain, France and Italy accounted for almost three quarters of total net wealth, which is defined as gross financial assets, minus debt plus real assets.
Wealth levels per adult were highest in Luxembourg, where the average adult holds more than 400,000 euros compared with the European average was 167,100 per adult.
However the financial crisis took its toll in Spain and Greece. Around 1.4 trillion euros of wealth have been destroyed in Spain since 2007, it said.
(Excerpt) Read more at mobile.reuters.com ...
and this hilarious because the majority of that wealth is controlled by a small number of people, the same people who, either thru the media that they control or the politicians that they influence, instigated the occupy groups to protest against the one per cent.
because, just like our own media and people like nancy Pelosi, they may use the word “rich”, but their real aim is the destruction of the middle class.
Must be all those Arabs moving to London.
Worry not, the EU is working hard to spread that wealth around.
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