Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
OECD sees Spanish, Greek unemployment rates climbing to 28%

By Mark Deen

Unemployment rates in Spain and Greece are set to rise to 28 percent by the end of next year as the countries struggle to recover from Europe’s debt crisis, the Organization for Economic Cooperation and Development said.

The jobless rate will increase to 27.8 percent in Spain from 26.9 percent currently, the Paris-based organization predicted. In Greece, the rate will rise to 28.2 percent from 26.8 percent, according to the report.

“The social scars of the crisis are far from being healed,” OECD Secretary-General Angel Gurria said in a statement. “Many of our countries continue to struggle with high and persistent unemployment, particularly among youth.”

The report highlights the growing disparity between developed countries as their economies recover differently from a global financial crisis that began with the collapse of Lehman Brothers Holdings Inc. in 2008. In contrast to southern European countries, the unemployment rate in the U.S. will drop below 7 percent by the end of next year, while the rate in Germany will decline to less than 5 percent, according to the forecasts.

In France and Italy, the euro area’s second- and third-largest economies, jobless rates are predicted to increase to 11.2 percent and 12.6 percent respectively by the end of 2014, the OECD said.

[Bloomberg]

ekathimerini.com , Tuesday Jul 16, 2013 (13:22)  
Wednesday’s stock gains wiped out on Thursday
Lower provisions and energy costs boost Greece´s PPC Q3 profit
Eurozone loans to private sector still contracting: ECB
Eurozone economic sentiment rises slightly in November
Seven PASOK MPs voice support for party leader
Seven PASOK MPs on Thursday publicly backed Deputy Prime Minister Evangelos Venizelos and his plans for the party to play a leading role in a broader center-left alliance after ex-leader Geo...
New law could transfer control of unused buildings
Municipalities and private companies may soon get a chance to take over abandoned or empty buildings if a new bill drafted by the Environment Ministry is voted through Parliament. According ...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back what’s stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Seven PASOK MPs voice support for party leader
2. New law could transfer control of unused buildings
3. Independent Greeks MP claims bribe attempt
4. Greek FM starts 3-day trip to Turkey on Saturday
5. Wednesday’s stock gains wiped out on Thursday
6. Aristotle University professor apologizes for ‘fascist’ comment
more news
Today
This Week
1. Greece paralyzed by major strike, flights cancelled
2. Greek diplomat dies in fall under Thai train
3. Chief suspect in Piraeus bar shooting arrested
4. Greece scrambles to find food, shelter for 700 migrants on crippled ship
5. Scraping together the 180 MPs will not be enough
6. Troika talks to continue after failure to wrap up negotiations in Paris
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Cosco’s Greek unit adds multinational rail-freight client
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.