Tag Archives: unemployment

As it prepares to exit the program era, Greece has come a long way in the path of economic recovery. It still faces many challenges: high unemployment, weak banks, and uncompleted reforms, the IMF tweeted on Friday presenting the concluding statement that describes the preliminary findings of IMF staff at …

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The European Commission Spring Forecast has revised down Greece’s growth in 2018 to 1.9% from 2.5% and for 2019 to 2.3% from 2.5%. The revision followed a smaller than expected growth rate last year. For next year, the EC projects a 2.3 percent growth rate for Greece, lower than its …

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The International Monetary Fund has revised, downwards, its forecast for GDP growth in Greece for 2018, to 2 percent, down from 2.6 percent that it had forecasted last autumn and further down from 2.3 percent given by the Greek government for the current year. The forecast was included in the …

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Greece’s unemployment rate decreased for the second straight month in January, though slightly, data from the Hellenic Statistical Authority showed Thursday. The jobless rate dropped to 20.6 percent in January from 20.8 percent in December. In the corresponding month last year, the rate was 23.2 percent. There were 977,222 unemployed …

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Greece’s unemployment rate fell to 21.2 pct in the fourth quarter of 2017 from 23.6 pct in the same period in 2016, but grew from 20.2 pct in the third quarter of 2017, Hellenic Statistical Authority (ELSTAT) said on Thursday. The statistics service, in a quarterly report, said that the …

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A large number of employment agencies have been hiring cheap labor across Europe. But many Greeks have fallen victim to high expectations and fraudulent recruitment deals.   Like most Greeks, Nikos Varthimiadis is bust. Bad debts ruined his bakery last year, pushing the middle-aged man and father of three into …

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The living and working conditions of the millions of people living in the Attica prefecture and Athens have been surveyed by Marc on behalf of the Attica Regional Authorities in cooperation with the Labor Center of Athens. The results draw –  as no otherwise expected – a grim picture of …

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How to Attack Greece’s Persistent Unemployment? Grow Some Weed – This is the title of a Bloomberg report about the perspectives of growing medical marijuana in Greece and how to tackle the problem of unemployment that has been over 20% in the last five years.. The Greek economy has been …

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Environment Minister Giorgos Stathakis is confident that the unemployment rates will keep falling in fast pace as perspective of the clear exit from the fiscal adjustment program is clear and the increase of investment is certain. “By the time of elections in September 2019, the unemployment rates will have returned …

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Registered unemployment climbed by 4.88 pct in November compared to October, a statement issued by the Greek Employment Manpower Organization (OAED) said on Wednesday. 40,261 people were added to the long lists of jobless. Overall, November’s registered unemployed came to 864,778 in November compared to 824,517 in October. Of these …

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Unemployment in Greece decreases, part-time jobs and low wages increase and a government minister with a monthly salary of several thousands euros says “better bad paid than not be paid at all.” Greece’s jobless rate fell to 20.2 percent in July-to-September from 21.1 percent in the second quarter, data from …

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The report of Labor Institute of the private sector union GSEE (INE) draws a grim picture of the Greek economy – despite the government narrative about the positive outlook. “The Greek economy is looking for an upward venture,” said one of the INE directors who presented the report. However, “evidence …

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Greek Prime Minister Alexis Tsipras said on Saturday that the country’s Grexit status had changed into Grinvest as it was now attracting investors in droves. Inaugurating the 82nd International Fair of Thessaloniki (TIF), he was not able to announce measures to benefit the society – as Greek prime ministers usually …

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Greece’s economy and debt crisis – an underrepresented tragedy watched closely by the economists of the future. As an example to be avoided. “Unprecedented – Greece is several economic tragedies rolled into one,” writes Dan Kopf, economics and markets reporter. He puts Greece’s financial crisis and economic plight in historical …

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In a Bill for Fishing, Greek labor ministry quietly tabled two amendments that among others freeze future pension hikes as wells as hikes in collective bargains. The two amendments are part of a 5-amendment package of austerity measures to please the creditors. The package is the rest of prior actions, …

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“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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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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Only one in ten unemployed Greeks receives the unemployment allowance of 360 euro per month. Each unemployed remains out of the labor  market for more than two and a half years. At the same time, 350,000 families have no working member. The latest data released by Greek Labor Agency (OAED) …

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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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Armed with camping tents, dozens of elementary school teachers set them up outside the Education Ministry in Athens to protest changes in hiring criteria. They quickly set up their tents blocking the two entrances of the ministry with the effect that the ministry workers could not leave the building when …

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