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Tag Archives: Jan 2017

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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Special consumption fees bring back Inflation

Special consumption fees imposed on fuel, coffee, tobacco products and telecommunications beginning of the year skyrocketed consumer prices and led to the inevitable: inflation. According to Greek Statistics Authority ELSTAT inflation reached 1.5% in January from 0.3% in December. ‘This is almost a five-year high and above market expectations that …

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Greeks turn their back to Euro and the Eurozone

The Greek public opinion has changed its attitude towards the euro and the eurozone. While in the first years of the bailout agreements the majority of Greeks supported the euro with around 70%, now Greeks have changed their mind. No wonder after seven years of strictest austerity and internal devaluation …

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