1 in 4 Greek workers unemployed as joblessness hits record 25.4%

Published time: November 08, 2012 10:40
Edited time: November 08, 2012 15:49
Reuters / Pascal Rossignol

Greece's unemployment rate reached a record high of 25.4 percent in August, with 1 in 4 of the country's workers now jobless, the country’s statistics service reported. The figure is more than double the eurozone average of 11.5 percent for August.

­The unemployment rate in Greece has increased by 0.6 percent points since July, when it recorded at 24.8 percent, ELSTAT reported on Thursday. The figure marked the 35th consecutive month of rising unemployment in Greece.

The report states that in August, 36.5 thousand Greeks lost their jobs, bringing total unemployment to 1.27 million.

Young people are the group hardest hit by employment, with a 58 percent jobless rate for those between the ages of 15 and 24.

Greece is one of the European countries hardest hit by austerity measures and an ongoing recession. As a condition for receiving bailout loans from international creditors, several consecutive governing coalitions in Greece have imposed harsh spending cuts to curb budget deficits.

The Greek parliament voted to pass the latest austerity package Wednesday as thousands rallied in protest against further spending cuts. Riots broke out on news that the further belt-tightening measures had been approved.

At least 100 people were arrested as firebomb-throwing demonstrators clashed with riot police, who used tear gas and water cannons to quell the protests.

Comments (18)

Aussie Dave (unregistered) 11.11.2012 23:19

All this turmiol with money for the last 4 years and beyond and I haven't heard one public outlay for a resource based economy, rather than a monetry based economy, some good points are, resources are a real thing, money is not, resources are limited and we will need to work our brain to maximise the use of our minerals, money is printable, mostly electronic nowdays and seems to never end winding us up with these economic problems we have. resources are useful you can eat them, build with them, basicly make big cities, and rockets with them, money can only be passed in circles or collected by individuals, it is really very useless and creates more problems than it solves.

So with our intelegence, the one that was used to find the double helix, and launch us to the moon, and even broadcasting power on the 14,336 Hz frequency, should it not be used to, i dunno, get rid of money and still make the world function, sure more people will be out of work, only because there is so much unnessasary work being done. then we could go on to refine work into a need basis, and possibly create new work that has never exsisted in our time because it will be work that makes sense and wont go toward de-evolving our species.

Im no expert on world affairs but it seems like now is as good-a time as any to start looking at alternate options of our society.

0

Undo

Hans Aplast (unregistered) 09.11.2012 00:43

Dimitri (unregistered) wrote in #4
> Why are they still spending on military? This doesn't seem like the right
> thing to do if they are going broke. What is going on?

Final ly someone who asks the right question. Let's see if I can provide an answer: Capital flight, high military budget (check 5 year DE-GR defense contracts), economic recession, high unemployment rate, national tensions. In history war followed, guess this is the plan. Short, the Greeks are doomed. But no worries - we all are doomed. The planned war will be a much greater war.

+1

Undo

Alex, you know what is funny about your f@rt (unregistered) 08.11.2012 21:33

Alex (unregistered) wrote in #3Typical dumb greeks. They got used to the government giving them everything they ever wanted. They even paid pedophiles a disability pension. They can't farm properly which is why they look through bins.They are the same all over being untrustworty and nasty people. Letthem eat dirt. More worthy people in the world need help.||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| |||||||||||||||||||| ||||||||||||||||||||                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  that I do know you and I can say the same about you and it will be correct, coz every nations does things different way and some of them do better and some do worse but their filthy government the same. All Governments around the world are stealing public money, make a debd and then make their citizen pay for them. In summary, all government around the world is public anemy and they are belong to jail for financial terrorism. USA is not excluded; The U.S. falls off the list of the Legatum Institute's most prosperous countries. Barak 0bama must be locked in Guantanamo Bay detention camp.            Q. Why don't USA government have any toilet paper in KFC?                                            A. Because its finger licking good!

0

Undo

View all comments (18)
Add comment

By posting your comment, you agree to abide by our Posting rules

Log in to comment in full, or comment anonymously under character-limit restriction.

100 Text

– required fields

Register or

Name

Password

Show password

Register

or Register

Request a new password

Send

or Register

To complete a registration check
your Email:

or Register

A password has been sent to your email address

Edit profile

Name

New password

Retype new password

Current password

Save

Cancel

Follow us