Greece’s recession eased in the third quarter while the unemployment rate stood at 27.3 percent in August, unchanged from the previous month, official data showed Thursday. The government described the stabilization in the job market as the ‘‘first sign of recovery.’’ Continue reading
The representatives of the European Commission, the European Central Bank and the International Monetary Fund, however, are deaf to his warnings. They are demanding additional belt-tightening measures, including more layoffs. Continue reading
Indeed, unemployment in Greece has hit a new record high Continue reading
According to a study by GSEE’s Employment Institute, the rate of unemployment in Greece will climb to 34% by 2016 Continue reading
This map from Reuters shows the current levels for the crisis in Europe Continue reading
The aim is to introduce measures which, in combination with the recent reforms, can contribute toward attracting investments and support job creation. Continue reading
The unemployment rate rose to 27.9 percent of the workforce in June, with 58.8 percent of young people jobless Continue reading
The Euro Zone recession is over but those aged 15 to 24 in Greece remained the hardest-hit as the jobless rate for this age group registered 64.9 percent Continue reading
Greece- Unemployment rose to 26.9 percent from 26.8 percent in March, the highest reading since statistics service ELSTAT began publishing jobless data in 2006 Continue reading
Greece’s government faced an internal revolt and public outrage on Wednesday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourse downgraded to emerging market status. The twin setbacks, coupled with the derailing of a troubled privatisation programme, reversed a rise in investor confidence that had prompted Prime Minister … Continue reading
Greece’s jobless rate rose again in March, reflecting the pain of a crippling recession after years of austerity under the country’s international bailout. Record joblessness is a major angst for Greece’s coalition government as it scrambles to hit fiscal targets and show there is light at the end of the tunnel after years of unpopular … Continue reading
Unemployment benefits are one of the safety nets available for people affected by the economic crisis in Greece, Spain and Portugal. This system — along with other social benefits such as pensions and increased remittance inflows from family members abroad, as well as aid from family members at home and, to some extent, informal economic activities — is somewhat … Continue reading
Greece’s school exam season has arrived. But for many now facing the final-year tests known as the Panhellenics, the stress is twofold: last-minute cramming and the knowledge that they’ll soon enter the worst jobs climate in Europe. At 64.2%, youth unemployment in Greece is the highest in the continent. Those between the ages of 16 … Continue reading
The German government on Wednesday (22 May) announced a series of conferences and bilateral programmes to help youngsters from Spain, Portugal and Greece find a job, as regional statistics show 17 times more unemployed youngsters in northern Greece compared to Bavaria. According to the EU’s statistical office Eurostat, youth unemployment in the northern-Greek region of … Continue reading
“Five euros only, just 5 euros,” whispered Maria, a young prostitute with sunken cheeks and bedraggled hair, as she pitched herself forward from the shadows of a graffiti-riddled alley in central Athens on a recent weeknight. As a chill wind swept paper and trash across a grimy sidewalk, Angelos Tzortzinis, a Greek photographer, caught sight … Continue reading