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Tag Archives: unemployment

Unemployment Benefit Goes Down to Ridiculous €359 per Month

Greece rushed to obey to its lenders dictates ahead the Eurogroup meeting on Thursday afternoon. Just a couple of hours earlier the Ministries of Finance and Labour had hastily signed an agreement that the unemployment benefit will undergo reductions of 22% as the minimum wages. Unemployed Greeks will receive (ridiculous) €359 per …

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EUROSTAT: Unemployment in Greece at 19.2% in Oct 2011

What we see and hear everyday, it has been now recorded in statistics. Unemployment reached 10% among the EU member countries and Greece is holding one of the leading positions, according to EUROSTAT, the EU Statistics Authority. While the number of jobless reached 19.2 in October 2011, the number of young people (under …

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Greece’s Unemployment Hits New Record with +18.2% in Oct 2011

Unemployment in Greece hit a new record in October 2011 with 18.2% of the population being without job. In September 2011 unemployment was 17.5% and a year earlier (Oct 2010) 13.5%. According to Greek Statistics Authority (ELSTAT) 903,525 Greeks have no job and the number of economically active, i.e. people who earn …

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Greece: Unemployment at 17.5% – 20K New Jobless Every Month

I should have started this post with a sentence like “Shocking data” or “Dramatic increase” but I don’t. I am neither shocked nor surprised about the new unemployment rate. Greek Statistics Authority ELSTAT issued the new data for September 2011. Unemployment is at 17.5% which translates into 857,656 people without a …

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500K Greeks Have Zero-Income in First Half of 2011

The figures are merciless: 500,000 households in Greece have zero-income, as there is no household member with a work.  If you take into consideration that these data is based on employees only and do not include the self-employees, the reality must be much worst. The report prepared by the Bank …

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900K Greeks Without Job – Unemployment at 18.4% in August

Unemployment reached 18.4% in the month of August breaking the ‘barrier’ of 900K. According to data released by the Greek Statistics Authority (ELSTAT) 90,000 people lost their job last August. the total number of unemployed Greeks is 907.953. The news is more than shocking, then the summer months consider as …

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Greeks Queue For Jobless Allowance… Just €460 per Month

After two days of strikes in public sector Greeks rushed to state banks and unemployment offices. Payday! Where pensions and unemployment allowance are paid on certain days of the month. Older neighbors reported that they had to wait 2-3 hours to get their pensions, in the average 600 EUR. But worst …

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IMF Report on Greece: Growth -2%, Unemployment 18.5% for 2012

Ominous are the forecasts of the International Monatery Fund for the Greek economy and it sees no exit from the black tunnel we are in. In its Global Report – Autumn 2011, published a couple of days ago, the IMF forecast shocking data for growth and unemployment. In fact it sees …

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Jobless Allowance Increases at 7.25 euro

This is a real great news in times of austerity, recession and depression! A great relief for all jobless in Greece. The monthly allowance for unemployed is to increase from 454.25 to 461.5 euro. The amazing amount of €7.25 more per month can supply the jobless with one chicken and a …

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Greece: Unemployment hits new record with 16.2%

Each and every month unemployment in Greece hits new records, with the latest report of the Greek Statistics Authority  to state that the jobless rate for  March climber at 16,2% !  A month earlier, February 2011, the jobless rate was at 15.9% , while a year earlier (Marc 2010) the rate was …

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It’s official! Unemployment kills!

Yes, it is official! Unemployment leads not only to financial extermination but also to biological. This is said more or less by Lazlo Andor, EU Commissioner responsible for Employment, Social Affairs and Inclusion Building a fairer future.    Each percentage increase in national unemployment attributes to a 0.8%  increase of suicides by …

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One year with the IMF: Young enterpreneurs’ broken dreams

Cousins Spyros,35, and Costas,29, opened their own business three years ago: An internet cafe in Thessaloniki. The business was running good. In fact, it was running excellent! The internet cafe was open 24/7. They had even had two employees. Last October Spyros and Costas started to realize the economic crisis and the …

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Unemployment in Greece hits record with 15,1% in Jan 2011

Unemployment in Greece reached with 15,1% a new historic record in January 2011 – in comparison: 11,3 % in January 2010, 14,8% in December 2010.  According to Greek Statistics Authority data released on Thursday, the total number of jobless reached 756.795 people. The total number of employed is 4.267.584 people. Within one …

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First “Jobless Club” in Crete

What can you do in austerity and recession times? Organize yourself ! Unemployed youth of Heraklion in Crete established the first “Jobless Club” with the aim to promote their interests in the local labor market and authorities. One of the major objectives of the association is to meet members of the …

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Greek Tricks in Labor Market: Option for Civil Servants to Work in Private Sector?

Greek government is considering to give some employment options to civil servants and thus at the expenses of private sector employees. Daily TA NEA reports that civil servants will be given the incentive for an unpaid leave and employment in the private sector. The civil servant will be granted the …

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Greek survey: Corruption worst than Unemployment

Corruption is Greece’s worst problem, however most Greeks see nothing wrong with paying bribes if they need do, a survey disclosed. A third of Greeks believe that corruption is the country’s biggest problem but more than half see nothing wrong in bribing a public servant if they have to. The …

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Greece: Monster of Unemployment grows but Political leadership optimist

The monsterof unemployment in Greece is growing and threatens to get out of control. Concellor of private sector labor union GSEE, S. Robolis informed members of the Greek Parliament that unemployment is estimated to reach 22% at the end of 2011 and the number of jobless will reach 1,200,000 people. …

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