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Greece – Only 8% of 1.27million jobless gets unemployment allowance

The majority of Greece’s 1,274,843 jobless receive no unemployment allowance. According Employment Agency OAED , only 102,026 jobless received the allowance in April 2014. That is less than one out of ten of the country’s at least 1,274,843 men and women without job.Greece

Although employees pay their social security contributions month-in month out during their entire working life, they are eligible to receive unemployment allowance for only one year, when they lose their job. Long-time jobless are been simply kicked out from the social system.

In Greece’s of austerity loan agreements, the jobless allowance is just 360 euro per month. Not much in a country suffering from recession and deflation.

Chosen excerpts by Job Market Monitor. Read the whole story at Only 8% of Greece’s 1.27million jobless gets unemployment allowance.

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