November 7, 2012
Economy, Society
To work or not to work? To work in Greece or to migrate abroad? This dilemma is something that thousands of Greece’s youth below 25 years old will have to answer before starting their professional life in the debt-ridden country. But even for those above 25 who get a job …
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November 2, 2012
Economy, Society
Dramatic are the predictions about the development of unemployment in 2013, as Greece does not show signs of recovery. According to private sector union GSEE, unemployment may reach even 35% in the upcoming year, a percentage rate that was reached in the USA during the Great Depression in 1930s. Speaking to …
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October 26, 2012
Economy
Twenty thousands employees are at risk of losing their jobs due to the bank mergers. According to daily Ethnos, excessive personnel will see the exit door, regardless of the position they hold in the hierarchy scale. The aim of the lay-offs is to compress operating costs down to a minimum. Greek …
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October 10, 2012
Economy
A group of IMF technocrats sits down and writes the World Economic Outlook & Fiscal Monitor with the gloomier colours. Global economy looks bad and the IMF forecasts for global growth was marked down to 3.3 percent this year and a still sluggish 3.6 percent in 2013. The IMF revised downward …
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September 18, 2012
Society
The news was too tough for the employee to bear. The man collapsed and passed away within minutes upon hearing that he had been dismissed. The 49-year-old man was employed at a company in Heraklion, Crete. The moment his employer announced his dismissal due to economic crisis imposed job cuts, the …
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September 13, 2012
Economy, Society
One in five Greeks in best productive age are without work. 700,000 long-term jobless are without income as the unemployment allowance runs only for 12 months. Since last year, 1,000 people lose their work place and source of income – on a daily basis. these are the latest date published by Greek Statistics Authority …
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September 6, 2012
Editor, Society
It came as expected. Employees affected by the upcoming wages cuts included in the 11.5-billion-euro package took to the streets. Policemen, firefighters, coastal guards, judges, academics, teachers, doctors, tax officers. Greece’s public sector is boiling. Civil servants protest and strike and threaten with escalation of their mobilization. Sept 6/2012 – Athens: Riot …
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September 6, 2012
Economy, Society
Unemployment in Greece broke another record in June reaching 24.4%. In comparison: 17.2% in June 2011 and 23.5% in May 2012. More than 50,000 people lost their jobs within one month, which translates that almost 1,200 working places were lost per day. And this during the summer period, when traditionally the …
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August 9, 2012
Economy
Unemployment successfully managed to break a new record and climbed up to 23.1% in May 2012. According to Greek Statistics Authority (ELSTAT), unemployment in May 2012 rose to 23.1% from 22.6% a month earlier. In comparison unemployment was 16.8% in May 2011. The total number of jobless Greeks is 1,147,372 men …
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August 1, 2012
Economy, Society
Greek’s never ending Calvary: Unemployment. Every month, a new record. Unemployment reached 22.5% in April – in comparison 21.9% a month earlier and 16.2% a year earlier. According to Eurostat, Greece has the second-highest unemployment rate within the European Union, after Spain that sadly leads with 24.8% (June data). However Greeks …
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July 21, 2012
Economy
Prime Minister Antonis Samaras decided to apply the law. He sent riot police squads to open Halyvourgia in Aspropyrgos – a steel plant that halted its operation nine months ago, when the plants’ workers’ union went on strike to oppose reduced salary, enforced reduction of working hours and massive lay-offs. A …
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July 19, 2012
Economy, Society, Very Mix
“Gastarbeiter” of the European South Unite! You got a new employer! A German one! The German Railways (Deutsche Bahn) want to recruit personnel from the EZ-bailout countries of the European South like Greece, Spain and Portugal to address the company’s personnel shortcomings. “We really think in this direction,” DB-Personnel Chief Ulrich …
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July 12, 2012
Economy
With each passing month, unemployment in Greece breaks a new record: more than 1.1 million people are without job – and most probably without income whatsoever. Exactly 1,109,658 souls. One works, two sit at home. Unemployment broke a new record in April 2012 and reached 22.5 percent, according to Greek Statistics Authority. Among the …
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June 14, 2012
Economy, Society
The only thing that seems to move forward in this debt-ridden and falling-apart country is the unemployment. Data released by Greek Statistics Authority (ELSTAT) three days before the elections confirm the dramatic situation more than one million Greeks live in. In the first quartal of 2012, the number of Greeks …
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June 7, 2012
Economy, Society
Unemployment in Greece breaks one record after the other. According to Greek Statistics Authority (ELSTAT) unemployment reach 21.9% in March 2012, while it was 21.4% a month earlier and 15.7% in March 2011. The total number of unemployed is 1.075.081 people aged 15-74. In 2008 the number of unemployed was …
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June 6, 2012
Economy
A new black hole of 600 million euro has been opened in the Greek state budget due to the political uncertainty – or even say: lack of governance – between the May 6 and June 17 elections. Then no matter how severe the situation is, Greek state mechanisms have a tendency …
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May 10, 2012
Economy, Society
900 people were losing their jobs on a daily basis in February 2012, pushing the unemployment rates to 21.7%. According to Greek Statistics Authority (ELSTAT) the number of unemployed in 1,070,724 people and the number of employed suffered a 8% decrease, when compared to February 2011. Among the youth, younger …
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April 27, 2012
Economy
Europeans in times of crisis. Of €uro Crisis. Of Debt Crisis. Of Survival Crisis. 1.7 million Spanish householda are without no income at all. Time to look right next to us and show solidarity. Then there are always real people with real destinies behind the figures. Show compassion, even if there …
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April 24, 2012
Economy
“No reforms, no growth”. That is the conclusion of Giorgos Provopoulos, Bank of Greece chief, in his report for Greece 2012. Economy will shrink by 5% and unemployment will be over 19%, even if Greece sticks to reforms and the fiscal adjustment, as dictated by the second bailout. Nice perspective… Greece΄s …
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April 14, 2012
Economy, Society
Easter here and Resurrection there, Greeks struggle to make a living amid rampant unemployment. 1,000 people were losing daily their work places in January 2012 and unemployment exploded to 21.8%. In comparison: 14.8% in Jan 2011 and 21.2% in Dec 2011). The efforts to get a job and make ends meet are endless and often …
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