“As part of its new 10-year strategic plan, published in February and entitled EU2020, Europe argues for sus- tainable growth based on education and innovation that benefits all of society. To guide the process, the Commission has proposed measurable targets in five areas: employment, research and innovation, energy and climate change, education, and fighting poverty. With respect to the last area, the goal is to significantly reduce the number of individuals living below the poverty line. A consensus has yet to be reached on the exact figure.”
Steps/Tools to combat poverty—-
-ensure equal opportunity, notably by allowing all of its citizens to develop their talents and by creating the incentives needed to ensure that they become productive members.
-identifying a single definition for poverty in order to best address the key needs to establish poverty prevention
- addressing the elements of poverty I.e., monetary poverty
-understanding the dynamics of poverty
“For households with working-age adults, employment offers good protection against poverty, provided enough hours are worked at a sufficient wage. Belgium’s mini- mum wage tends to limit the number of working poor. It is confined to situations in which individuals cannot find steady work and so oscillate between work, unemploy- ment and inactivity, or can only find part-time work that does not provide a necessary income.
In Belgium, as in many other European countries, the pro- portion of retirees living under the poverty line is higher than among the working-age population.
Education is a key factor with respect to employment. A high level of education goes hand in hand with a reduced likelihood of becoming poor or staying poor for long periods of time.”
“Longitudinal data show that at any given moment, a large number of individuals are falling into or getting out of poverty. By comparison with other European countries, Belgium has a very low poverty entry rate, but it also has a fairly low poverty exit rate. Thus, poverty in Belgium is more persistent than the European average”
https://www.nbb.be/doc/ts/publications/economicreview/2010/revecoi2010e_h5.pdf