Tag Archives: unemployment

Greek Prime Minister has a dream. A vision on how to help young unemployed Greeks to deal with the debt crisis. With his powerful intuition to feel the pulse and read the most secret wish of jobless Greeks Antonis Samaras made a promise in public: to give the folk what belong to folk. …

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YES! Greece of ‘success story’ tops again the Eurostat list on unemployment. Six out of ten Greeks below 25 years old are without work. Youth unemployment in Greece is at 57.3%, while the situation is equally bad in Spain with 56.5%. Within the eurozone countries the general unemployment has reached …

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“My children are abroad, my sister’s children are abroad, some other nieces too.” The lady was talking to her walking companion. “Where did they do?” the other woman asked and the first answered “Oh, one is in Paris, one in New York, one in London, one in Sweden…” I didn’t …

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The argument is not new. It was brought up by Peter Matjašic, president of the European Youth Forum last July, when European leaders were deciding on how to spend the money and what were the priorities of the next EU budget for 2014-2020. Peter Matjašic argued that the EU spent …

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I know. It’s not a news anymore. The fact that unemployment rises each and every month. It can be news though if the unemployment rises also in months were traditionally it was lower due to tourism season in summer months. Whether it’s worth reporting or not, unemployment reached 27.6% in …

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Greek Finance Ministry unveiled the draft Budget 2014 on Monday. In the ambitious draft, Athens predicts recession at 4% from 4.6% originally foreseen. A much better figure when compared to 6.5% of 2012. Deputy finance Minister, Christos Staikouras who presented the draft budget, said that the primary surplus will be …

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It’s getting higher and higher and breaks a new record every month. Even though traditionally the summer months offer job opportunities due to tourism. But that was in the past. According to Greek Statistics Authority ELSTAT, unemployment hit a new record in June 2013 and rose to 27.9%. In comparison, …

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The news coming from Northern Greece in fact reflects the situation in the labor market all across the country: severe delays in payments to employees, work without insurance. Six out of ten companies delay to pay their employees from three up to sixteen months. This gloomy reality was described by …

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It’s time that we, the non-economists dealing with the Greek debt crisis, learn a new term. That’s “jobless growth” or “jobless recovery”. In short,  this term means that there is growth in an economy of a country, but people still get no jobs. Something like the phenomenon in modern Greece of …

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Marina wakes up at 7 o’ clock in the morning with a smile. She takes time to carefully pick up her clothes and put on  a light make up. She literally blooms every morning – at 7 o ‘ clock.  After three years of unemployment, Marina, 27, a university graduate …

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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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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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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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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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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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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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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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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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I think, I’m at the verge of a laugh attack today. Laugh is the cheapest and best remedy against depression – or insanity -, I hear. After the horrifying news that more than 6 out of 10 Greek youth have no job, the total terror comes from the lips of …

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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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