Greece's jobless rate climbed to a new record in May, underlining how austerity prescribed to slash deficits and keep bailout funds flowing is hitting the economy
Greece unemployment blow
ATHENS: Greece's jobless rate climbed to a new record in May, underlining how austerity prescribed to slash deficits and keep bailout funds flowing is hitting the economy on which recovery depends.
Latest data yesterday showed the jobless rate climbed to 23.1 per cent, with nearly 55pc of those aged 15-24 out of work.
The gloomy data coincided with news that the government plans to revive a labour reserve measure targeting 40,000 public servants for eventual dismissal, in a drive to achieve 11.5 billion euros in savings promised to international lenders.
Government officials citing this scheme said Athens also intends to shed tens of thousands of temporary contract workers by streamlining its needs across ministries and state entities.
Unemployment in Greece is already more than twice the average rate in the 17 countries sharing the euro and nearly as bad as in Spain where the jobless rate registered 24.6pc in the second quarter.
http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=335679
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Gordon thanks for your support."
What If origins on Our Planet are Different Than we Think?
For a long time now there has been a theory that would fit into both creationism and the simulated…See More
All Bases Erased, Air Defense Shattered ! Iranian Missiles Massacre U.S. FORCES | Douglas Macgregor
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Same Package - Different Label
This way or that way, we get to the same place. It's time to take another road.
TRIVIA OF THE DAY Kier means “Penis” in Persian
"Nomen est omen. A political dick destroying his own country."
"Wow! The final progressive steps to the government run matrix. Now just fine tuning it. I…"
"That's a great poem it's a good time for writing being national poetry month in America…"
"All good points guys and perhaps in the future we'll see some new freak show of mRNA vax that…"
"SSRI's are poor substute for counciling soldiers back from war suffering from PTSD! "
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network