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Tag Archives: unemployment

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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EU Commission Not Satisfied with Greek bailout talks? No problem. Millions of Jobless Not Satisfied either…

European Commission spokesman Margaritis Schinas said Thursday that the European Commission was “not satisfied with the progress of reforms talks between Greece and its creditors.” “Work needs to intensify” Schinas said hinting to the next eurogroup meeting on April 24th and added that “This sequence of events…has not yet materialized, …

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Greece’s general unemployment still at 26% and 1:2 youth without job

Bang! I thought Greece was making much-heralded fiscal progress and much- applauded primary surpluses in 2014 and the lenders and the ND-PASOK government were congratulating each other for the glorious economic achievements… And then everyone got angry because just when the “country was about to exit the bailout adjustment program …

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Poverty and long-term unemployment are two Greek facts…

Poverty in austerity-hit Greece is a fact. According to the recently published EU data on Labor, incomes have dramatically decreased since 2010, since the country sought the ‘rescue’ via the International Monetary Fund. “Most affected by the income decrease are the vulnerable society groups. Real income in low income groups …

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Greek PM hails the end of summer with optimism over economic recovery

The month started with an ascertainment: That the “unemployment is a treacherous and tough opponent of the society, undermining the dreams of the youth” – so said Greek Prime Minister Antonis Samaras on Monday September 1st, stressing that in order to tackle unemployment “we need to take action now that we enter …

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