Job Market Monitor
Greek
Greece / Long-term unemployment soars: More than six out of every 10 jobless people have been out of work for over a year
More than six out of every 10 jobless people in Greece have been out of work for over a year, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday. Fourth-quarter figures for 2012 put the unemployment rate at 26 percent, from 24.8 percent in the previous quarter and 20.7 percent a year earlier. The … Continue reading
When 50 per cent youth unemployment is (apparently) protecting the grand kids
Over the last week, a Londoner and a Glaswegian have publicly embarrassed themselves with statements made about the current economic situation. One is an academic historian who hasn’t fully understood history. The other a politician who is seeking to deny the obvious and somehow blur his own culpability in driving the British economy back into … Continue reading
Greeks | Unemployment | The greatest fear
Unemployment is the Greeks’ number one fear for the future, according to an ALCO opinion poll appearing in the latest issue of Crash magazine. Specifically, 42 percent of those questioned said that unemployment was their biggest fear for the future, in a nationwide poll sampling 1,200 adults from March 20 to 27. The second most … Continue reading
Greece | Unemployment and the State
Is Greece a Failed State? asks Nick Malkoutzis in Foreign Policy Two years ago, Greece’s Prime Minister George Papandreou compared his country’s travails to “a new Odyssey.” Since then, about half a million Greeks have lost their jobs, tens of thousands of businesses have closed, the economy has shrunk by more than a tenth, Athens … Continue reading
BBC News – Are Greeks the hardest workers in Europe?
The eurozone crisis has sown divisions in the European family, and Greece in particular has often been singled out for criticism. Has Greece been living beyond its means? Are Greeks lazy? On this second point, the statistics tell a surprising story. Figures from the Organisation for Economic Co-operation and Development (OECD) show that the average … Continue reading
Irish and British head for Australian jobs, but where are the Greeks?
RISING unemployment in Europe has driven an influx of Irish and British skilled migrants to labour-strapped pockets of the Australian economy in recent months, government figures show. But skilled migration from Greece, where unemployment topped 20 per cent in November, remains low as Australian recruiters target already strong labour streams from the British Isles. The … Continue reading
Europe’s banks bleed from Greek debt crisis | Reuters
The scars of Greece’s debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region’s precarious finances would continue to threaten economic growth and earnings. From France to Germany, Britain to Belgium, four of the region’s biggest banks lined up to reveal they lost more … Continue reading
Germany drawing up plans for Greece to leave the euro – Telegraph
The German finance ministry is actively pushing for Greece to declare itself bankrupt and to agree a “haircut” on the bulk of its debts held by banks, a move that would be classed as a default by financial markets. Eurozone finance ministers meet on Monday to approve the next tranche of loans from the EU … Continue reading
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