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Inner London dusted gold in wealth study, Bulgaria last

brussels bureau

Inner London dusted gold in wealth study, Bulgaria last


Eurostat, the EU statistics office, has identified inner London as the EU’s richest region. A study (done before the financial crisis) reports inner London is more than seven times richer than the region on the bottom end of the scale — a place called Severozapaden, in Bulgaria. In terms of economic output per person the contrast was some 49,000 euros versus six and a half thousand.

It confirms an east-west chasm of difference. Eurostat said Luxembourg was the second-richest region in the EU, followed by Brussels and Hamburg. Prague ranked fourth, the only central European region among those at the top. The EU’s poorest regions also include parts of Romania, Poland and Hungary.

Unity in diversity, the European Union slogan, plays a role in wealth distribution. Negotiations on the EU’s next seven-year budget — with community funding to help offset regional poverty — will begin this year.

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