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Greece’s Youth Unemployment Surpasses Spanish One in Eurostat-Report

 Unemployment among Greek youth surpassed the rates of Spanish youth. According to latest report “Unemployment in the European Union” published today by Eurostat, youth unemployment in the European Union (August 2012), was the highest in Greece with 55.4%, while Spain followed with 52.9%.

In August 2012, 5.458 million young persons (under 25) were unemployed in the EU27 of whom 392 million were in the euro area. Compared with August 2011, youth unemployment rose by 164,000 in the EU27 and by 213,000 in the euro area. In August the youth unemployment rate was 22.7% in the EU27 and 22.8% in the euro area.

In the overall unemployment affecting all ages, the EUROSTAT estimates that 25.466 million men and women in the EU27 were unemployed, of whom 18.196 million were in the euro area. Unemployment rates in August 2012 are: 10.5% in EU27 and 11.4% in the euro area.

The highest rate of unemployment has Spain with 25.1% and Greece with 24.4% (June 2012 data).

Full report all European Union and Euro Area member countries: EUROSTAT

PS If unemployment rises in summer when young people traditionally have the chance for get seasonal jobs, cann you imagine the rates in winter months?

 

 

 

 

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4 comments

  1. Another few rounds of austerity and “tax adjustments” and they will all be so badly brow beaten that they won’t know their ass from a hole in the ground.
    And then Auntie Angela and Uncle Francois will come and offer them all nice,good,jobs in France and Germany, totally underpaid, with no social security or health entitlements. And while they’re at it, the “gastarbeiter” will also be used to browbeat the German and French workers into accepting lower wages with no social securities or health benefits. So, no worries, everything is working exactly as planned.

    And for those who can’t/won’t move, it will take a little longer, but that plan is also on target. Soon enough we will see Greece becoming the first Special Economic Zone within the EU, full of factories looking for cheap, willing factory fodder. And you can expect more of the same. You know, the “Arbeit Macht Frei” policy, but without the benefits…

  2. Strange utopia your are sketching there, my friend. Maybe Plato would like it?

  3. Wouldn’t have thought that choice between working for peanuts or starving to death was called “Utopia”. But if that floats your boat, so be it.

    Fact is that unemployment is sky rocketing, and not the slightest effort is made nationally or internationally to stem the tide. Not in Greece, not elsewhere. On the contrary. All policies implemented so far have achieved 1 thing, and 1 thing only. People have nothing left to spend, not on basics, leave alone luxuries.
    Are you still maintaining that such policies are not done on purpose? The only alternative to that is that those who are implementing them haven’t got a single braincell between their ears. Even half a brain cell would do to understand that very simple economic fact. People with money spend, people without money don’t spend.
    At least the politicians here aren’t of the same sick mindedness as the Spanish, who put a car scrapage scheme in place to boost the economy in a country where over 30% of the population HAVE NO INCOME. How much clearer can they make it as to who matters and who doesn’t?
    As KTG points out, if we can “achieve” a rise in unemployment of this magnitude during the summer, then God help us during the winter.
    Only the other day I saw the absolute diabolic statistic on Lithuania (that forgotten little Northern country suffering as bad, if not worse than we do), where 30% of the population has at this stage emigrated, leaving behind a nation populated by the sick, infirm and the elderly, and no means of providing even the most basic of services for them. How long do you think before this kind of situation arises here?

  4. keeptalkinggreece

    and I read something about Ireland being left without ages 24-35 (?) due to immigration.