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Tag Archives: unemployment

“Growth is here,” says minister as Greeks face new income cuts

“Growth in 2017 is a fact, not wishful thinking,” Economy and Development minister Dimitris Papadimitriou said on Wednesday. The year 2017 will be time for real growth in Greece the minister said and assured that there are no new measures to burden the people “from now until 2018”, while in …

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Euro area unemployment 9% – Greece constantly high at 23.5%, youth 48%

The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in March 2017, stable compared to February 2017 and down from 10.2% in March 2016. This is the lowest rate recorded in the euro area since April 2009. The EU28 unemployment rate was 8.0% in March 2017, down from 8.1% in …

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Greece’s €3bn loan to boost employment has to wait, says World Bank

The efforts of the Greek government to boost employment through a loan from the World Bank must be put on hold. And there are two reasons for this, reasons that have directly to do with the World Bank. According to exclusive information of daily Naftemporiki,  a standing and inexorable condition before …

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Jobless father of 3 to lose home due to €3.800 debt

Members of leftist political parties, solidarity groups and civic movement “I don’t pay” managed to block the eviction of a 5-member family. The activists chased the notaries out of the court room in Thessaloniki on Wednesday. The home of the family was to be auctioned as the owner had a …

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Thousands of jobs to be lost in Greece’s banking sector

Greece’s four main banks will have to reduce their employees by a total of 4,350 and shut down about 180 branches up to the end of 2017. These new reduction demands result from the derailing of the Greek economy generated by the prolonged uncertainty during 2015 which brought the country …

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