Job Market Monitor
Economy of Greece
Greece – The economy shrinks by 1.1 pct in Q1
The Greek economy shrank by 1.1 percent in the first quarter of the year on a 12-month basis, Greece’s statistics agency said on Thursday. The data, unadjusted for seasonal factors showed that output by the bailed out economy “decreased by 1.1 percent in comparison with the first quarter of 2013,” the ELSTAT agency said. Based … Continue reading
Q&A: ECB President Mario Draghi – The Euro Crisis – WSJ
Mario Draghi, president of the European Central Bank, spoke with Brian Blackstone, Matthew Karnitschnig and Robert Thomson of The Wall Street Journal on Feb. 22 about the importance of austerity in Europe, the Greek bailout deal and the ECB’s recent decision to exempt its Greek bond portfolio from losses. WSJ: What inning are we in … Continue reading
EU tells Greece to cut more jobs, sees 2014 growth | Reuters
The Greek economy will only return to growth in 2014 after a four-year recession that will shrink output by 17 percent, EU officials said on Tuesday, warning Athens it needs to cut wages further to bring its public debt to manageable levels. Speaking hours after euro zone finance ministers agreed a 130 billion euro ($172 … Continue reading
EU tells Greece to cut more jobs, sees 2014 growth | Reuters
The Greek economy will only return to growth in 2014 after a four-year recession that will shrink output by 17 percent, EU officials said on Tuesday, warning Athens it needs to cut wages further to bring its public debt to manageable levels. Speaking hours after euro zone finance ministers agreed a 130 billion euro ($172 … Continue reading
Greece Is On Pace For The Worst Recession In Modern History
The Greek economy shrank nearly 7% in 2011, the fifth straight year the country has been in a recession. GDP has shriveled by a sixth since 2006, and unemployment has tripled over that period to 20%. With new rounds of austerity just announced, and a default yet to come, the nightmare isn’t even close to … Continue reading
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