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
Interpersonal Insanity
Interpersonal Insanity How do you expect me to read your mind?All those hidden things that I might…See More
"Look at what we have to put up with. Leftist journalism in full swing. Everyone knows who created…"
Why Did We Americans Become so Cynical? At Least Those Who Think
Cynicism is a form of counter intelligence. It materializes when the general public has been…See More
PROJECT BLUE BEAM of NASA (full video link on description)
CLICK HERE FOR FULL VIDEO: https://youtu.be/d8imxCp-Cfc------------------------^^^^^^^^^^^^^^#projectbluebeam #bluebeam
a soon shit
"lol at first I thought this was an acronym or phase meaning an urgent trip to the lavatory but alas…"
Europe will be an Islamic Muslim State
සිංහලෙන් කියවන්න http://sinhalabuddhist.comSlavery, Terrorism and Islam: The Historical Roots and Contemporary Threat.. Adapted from Dr. Peter Hammond's book...
A conversation with Charlotte Iserbyt
“The Deliberate Dumbing Down of America — A Chronological Paper Trail”, will change forever the way you look at your child’s education. Written by whistleblo...
Realizations
Used to think I had something special to bringThat I was seeing what others weren't seeingThe…See More
"I forget some written language reads from right to left. The various calendars used up to now from…"
"Sounds like a bioweapon"
"cheeki kea Thank you so much your words are always inspirational. But, when the word joy…"
"Spoken like a true poet. I wanted to reply to your comment but had to think on it for awhile. My…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network