Sunday February 1, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek joblessness over double the eurozone average [update]

 Youth unemployment at 56 pct, according to ELSTAT figures

Unemployment in Greece climbed to a new record of 26 percent in September, topping that of Spain to become the highest in the euro area, data by Greece's statistics service ELSTAT showed on Thursday.

Greece's jobless rate has almost tripled since it started climbing in September 2009, driven higher by the global financial crisis and then by severe austerity policies imposed by the bailed-out country's international lenders.

Unemployment is more than double the eurozone average of 11.6 percent, edging past the rate in struggling Spain, which was 25.8 percent in September, according to data from European statistics agency Eurostat. Greece's jobless rate climbed from a revised 25.3 percent in August.

The Greek economy is now in its fifth year of recession and is expected to have shrunk by almost a quarter before recovery begins in 2014, according to the country's central bank.

This has taken its toll on the labor market, especially for the young. Unemployment among those aged 15-24 stood at 56 percent in September, compared with 22 percent in the same month four years ago.

A record 1.3 million Greeks were without work in September, up 38 percent from the same month last year, ELSTAT said.

Spain's unemployment was 26.2 percent in October, according to Eurostat. [Reuters]

ekathimerini.com , Thursday December 6, 2012 (13:25)  
Coalition ally seeks tax amnesty to get cash back to banks
Dijsselbloem says Greece has to decide how to move ahead
ECBs Constancio signals Greek waiver may end if program dropped
Greece starts countdown to cash crunch saying bailout over
Greece starts drive to sell new debt deal to doubting Europe
Greece's leftist government on Sunday began its drive to persuade a sceptical Europe to accept a new debt agreement while it starts to roll back on austerity measures imposed under its exist...
France open to easing Greek debt burden, says finance minister
France is ready to offer Greece concessions on its debt to help the countrys new government revive its economy, Finance Minister Michel Sapin said. The French government is willing to discu...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
COMMENTARY
The dogma and the command center
We have reached a critical juncture. We have a new, inexperienced government trying to see if the great negotiations discussed by everyone, be they from the left or the right, on TV over t...
EDITORIAL
Silence will not be forgiven
Its time for a turn toward realism, caution and logic. The negotiations with our partners and lenders must be concluded swiftly before the remaining healthy parts of the countrys productiv...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece starts drive to sell new debt deal to doubting Europe
2. Coalition ally seeks tax amnesty to get cash back to banks
3. France open to easing Greek debt burden, says finance minister
4. Poll shows most Germans want Greece to stay in eurozone
5. Frances Sapin says Greece has no future outside the euro
6. Greece offers olive branch to seek allies
more news
Today
This Week
1. Dijsselbloem says Greece has to decide how to move ahead
2. Greece shakes Europe's political kaleidoscope: expect the unexpected
3. France open to easing Greek debt burden, says finance minister
4. Greece offers olive branch to seek allies
5. Poll shows most Germans want Greece to stay in eurozone
6. France's Sapin says Greece has no future outside the euro
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. EU must accept that Greek debt relief is inevitable
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. Athens may veto further EU sanctions against Russia
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.