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Tag Archives: unemployment

Greece’s success story: unemployment new record 27.6%

Unemployment in Greece hit a new record in May with 27.6%   just a month after Prime Minister Samaras had launched his ‘ “success story” campaign. The sheer horror is among the youth aged  15-24 :  unemployment has reached 64.5%. Total number of unemployed: 1,381,088 General unemployment 27.6% in May …

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Greek Lay-offs Minister: “I don’t sleep well at night”

While thousands civil servants are confronted with the nightmare of unemployment, another Greek drama occurs every night in an air-conditioned bedroom. A man is being plagued by difficult decisions. Minister of Administrative Reform Kyriakos Mitsotakis cannot sleep. “I do not sleep well at night when I know that they will …

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Germany invites jobless EU youth to go there for work

5.501 million unemployed youth across Europe? 3.531 million jobless youth in the Eurozone alone? No problem for all those with or without university education who if lucky could find a temporary job as pizza boys and service girls for 400 euro per month. Germany opens its arms and welcome all the …

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Greece’s unemployment still breaks one record after the other – March 2013 rates

I love Greek statistics. Honestly. They pose a challenge to any math-dude and long-memory impaired person. Every month unemployment hits a new record but every month the new unemployment rate is lower than the rate of the previous month. How comes? Oh, the rates of the previous months are revised …

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NYT: Amid rising unemployment, Greeks fall prey to job swindles

There is always a group of people winning in times of high social needs: that’s the swindlers who try to exploit desperation and need. In Greece of recession and high unemployment, job offering swindlers depriving people of hundreds of euro appeared on the scene as soon as the economic crisis …

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Bank of Greece report: economy rebalancing, but 28% unemployment for 2013

Greece is moving forward. Like a wild horse in the prairie, the debt-ridden country is galloping towards economic recovery and prosperity for all. If only there were not the grimy numbers predicting that the wild cart called Greece has still long way to go, as week by week, the economic …

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Greece in disagreement with EU over subsidized program for jobless?

Things are confusing and do not look good. Some Greek media reported on Friday, that the European Commission rejected the plan of Greek Labour Ministry to finance temporary work places for 400,000 families that have no employee. The program worked out by the Labour Ministry was to subsidize temporary work …

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EU Commission Greece’s report: end of recession in 2014 and unemployment at 21% in 2016

Recession in Greece is likely to end in 2024 but unemployment will remain above 20 percent for another three years. That would be …ehm… let me count… in 2016! Nice perceptive for the more than 1.3 million jobless. In a report published on Friday, the European Commission predicted the possibility …

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Greece’s youth unemployment skyrockets at 64% – general rate at 27% in Feb 2013

While Greece’s political leadership cheers the country’s progress and dives in a lake of unexplained optimism, the average Greek sinks deeper in misery. Eleven thousand people lost their jobs within one month – that is 392 people per day. The total number of unemployed to have reached 1,320,189, unemployment has …

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Greece moves forward: Employment on the rise

Employment was on the rise in the month of April, Greek Labor Ministry said on Wednesday. According to the data released, almost 30,000 people were hired – even though mostly temporary workers in the tourism industry. Data collected through the ministry’s Ergani database system showed 29,298 more people were hired …

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Why jobless Greeks do not go strawberry picking?

There has been lots of discussions in my environment about why jobless Greeks do not go strawberry picking. Of course, it’s not only strawberries growing in Manolada, Peloponnese. It’s the peaches in Naousa, Macedonia or the apples in Zagora, Pilio just to mention a few of the agricultural products flourishing in Greece. But …

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German FinMin Schaeuble: Greece proved bailout program working, unemployment goes down

He must have a weird sense of humour. German finance minister Wolfgang Schaeuble sees nothing but effectiveness in the bailout program for Greece. In the country of 1,3 million jobless and 6%-7% recession. “The policy of the euro rescue works and Greece is an example for this,”  Schaeuble told German magazine …

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27.2% Greece’s unemployment in new high; 59.3% among youth; 1.3mn people without work

A new high has been recorded in January 2013 with unemployment reaching 27.2%; among youth aged 15-24, the dramatic record is 59.3%. The total number of people without work is shocking 1,348,742. The data that makes one dive in depression was released on Thursday by the Greek Statistics Authority. In …

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More than 150,000 Greek graduates moved to 70 countries in past 5 years

More than 150,000 Greek graduates are estimated to have moved to more than 70 countries in the past five years in order to find work, a conference organized by the University of Macedonia in Thessaloniki heard on Wednesday. According to data drawn from a recent study by economic geography professor …

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Greece’s unemployment: 26% in 4Q 2012; at least 1.3 Million without job

Steadily high is the unemployment rate in Greece with at least 1,295,535 people without work. According to latest data released by the Greek Statistic Authority for the fourth quarter of 2012,  -Unemployment rate is at  26 percent. -Unemployment among youth 15-24 years old is at 57.8 percent. The number of …

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