Greek unemployment rises to 27.9 percent

The Associated Press    Translate This Article
12 September 2013

ATHENS, Greece (AP) - Unemployment continues to rise in recession-hit Greece, with the overall rate reaching 27.9 percent in June. Even worse, 58.8 percent of people under age 25 are out of work, according to new figures announced Thursday.

The Greek Statistical Authority reported that the jobless rate had risen from 24.6 percent the previous year. In June 2008, before the global financial crisis had kicked off and Greece entered recession, the rate stood at 7.3 percent.

The jobless total stood at just over 1.4 million. In addition, around 3.33 million people in Greece are considered inactive, just shy of the 3.63 million in work.

Years of emergency taxes, pay cuts, and other austerity measures implemented as a condition of international bailout loans have hammered Greece's private sector.

The conservative-led government has promised to bring Greece out of recession, but unions have launched a new wave of protests against the state staff cuts, arguing that unemployment is already too high.

High school teaching unions and workers at Greece's largest pension insurer IKA are planning to start rolling strikes next week.

Outside the Health Ministry, scores of doctors and medical staff from public hospitals gathered to protest against staff transfer plans.

The government insisted the new jobless figures showed signs of recovery, with a continued improvement in the number of new jobs created and a declining rate of total jobs lost.

'These results confirm the view that the jobs market is entering a phase of stabilization,' Labour Minister Yiannis Vroutsis said.

Copyright © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Global Good News comment:

Maharishi's Vedic Approach can solve the problems reflected in the above article and in all areas of life: agriculture, business, culture, education, government, and world peace. For more information please visit:
http://maharishi-programmes.globalgoodnews.com/



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish