Most of the peripheral Eurozone household wealth more than the core countries

Reuters reported that released Tuesday by the European Central Bank data show that peripheral Eurozone average household wealth more than the core countries to accept household net worth to rescue countries often exceed the countries of the bailout funds.

The average household net wealth in Spain 291,400 euros, 275,200 euros in Italy, was significantly higher than 3A rating in Germany, the Netherlands and Finland, three countries the average household net wealth were 195,200, 172,000 and 161,500 euros.

The ECB data collected in 2010, wealthy northern European countries to help the poor South relatives are not the accurate sound public finance does not mean that the high personal wealth. Perspective of household wealth for the first time to examine the report on the study of the euro zone situation will almost certainly lead to dissatisfaction of Germany and other euro-zone countries of the North, they generally see themselves as the gold master of the Southern European countries, including seeking relief.

Euro area household net wealth in the lowest median Germany, only 51,400 euros, less than Italy (€ 173,500) and Spain (182,700 euros) 1/3, because Germany has a relatively low level of housing.

"Net wealth constituted mainly by real estate to promote," the joint report of the European Central Bank and the euro zone central bank said. Others, such as income, family structure, property acquisition, leverage and house prices also contributed to the wealth levels of different factors.

The report of the European Central Bank survey of all euro area countries except Ireland and Estonia, the homeownership rate less than 50% of Germany and Austria.

Average household wealth is highest in Luxembourg, followed by the financial system on the verge of collapse last month of Cyprus. The report also showed that the vast majority of total household assets of euro area real estate, almost 85%. The richest households accounted for 10% of the total number of households with more than half of the total net wealth, 31% of the total revenue.