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Greece / Unemployment jumps despite budget surplus

Unemployment in Greece has hit a new record high. More and more people say the current method for getting out of the crisis is not working, and the country has slipped back to the 1950s.

Fewer and fewer jobs are available for the nearly 1.4 million people who have lost their work in the last six years or have joined the dole queues.

While the overall figure is bad enough the youth unemployment figure is even worse, with more than half of the 15-24 age group currently able to earn a living. Both unemployment rates are worse than this time last year.

However the government is now running a budget surplus, and is on target to keep its international creditors happy, and thus earn more debt relief.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Euronews

via Greek unemployment jumps again despite budget back in black | euronews, economy.

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