What are the effects of the Greek crisis on the level and the structure of inequality and poverty? In this seminar Professor Panos Tsakloglou will present the findings of his research and argue that unlike what is often heard in the public discourse, inter-temporal changes in inequality are not always clear. Most indices record an increase in the level of inequality and the effect is larger when the indices used are relatively more sensitive to changes close to the bottom of the distribution. Again unlike claims often made in the public discourse, the elderly improved their relative position in the income distribution while there was substantial deterioration in the relative position of the enlarged group of the unemployed. In most cases the contribution of disparities "between population groups" to aggregate inequality declined. All poverty indicators suggest that poverty increased sharply, especially when "anchored" poverty lines are used. Despite an increase in the population share of households headed by pensioners, their contribution to aggregate poverty declined considerably, with a corresponding increase in the contribution of households headed by unemployed persons.