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Tag Archives: unemployment

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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UNHR “Humanitarian crisis in Greece has worsened” after 5 years of fiscal adjustment

The independent investigator from the United Nations Human Rights Office of the High Commissioner concluded his mission on the effects of the foreign debt crisis, the creditors’ adjustment program and the impact on economic, social and cultural Human rights. In the UNHR website, Juan Pablo Bohoslavsky posted his preliminary report …

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Frenzy: 25K people have applied for 690 vacancies at Greece’s public hospitals

Greeks in frenzy for a job at a public hospital. A total of 690 vacancies have been opened for nurses, paramedical professions and administrative staff and thus for graduates of secondary education or vocational schools IEK. And Greeks are storming the electronic applications system to grab one of the very …

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Greece has mass production of “unemployed labor-craft with higher education”

Greeks continue to ‘invest’ in education and ‘produce’ qualified jobless despite the high unemployment among the youth and the highly skilled labor craft. According to OECD’s latest report “Education at Glance 2015” Greece has the highest rate in higher education. The Organization for Economic Cooperation and Development found in its …

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OECD cuts Greece’s Growth Outlook, increases Debt/GDP and Unemployment projections

The Organization for Economic Cooperation and Development cut its global growth forecast, saying investment is lagging and risks including a possible Greek default are hurting confidence. In its semi-annual report the OECD says  that “the world economy will expand 3.1 percent this year, down from the 3.7 percent predicted last …

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