Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy's entire GDP of €2.2 trillion and approaching France's €2.9 trillion economy, a new Oxfam report found.

Archived version: https://archive.is/20260118190308/https://euobserver.com/health-and-society/ara3abf5ee

you are viewing a single comment's thread
view the rest of the comments
[–] 22 points 9 months ago

Oxfam noted that less than 3.5 percent of EU billionaires' combined wealth – roughly €84 billion – would be sufficient to eradicate extreme poverty globally. Oxfam identifies a key problem in Europe in the disproportionate influence of wealthy individuals on lobbying. As a result, affluent actors can shape political decisions in their favour in ways that poorer segments of society cannot.

  • source