Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Employment prospects stay gloomy

The 1 million jobs lost during the countrys financial crisis will take at least 20 years to be recovered, the Labor Institute of the General Confederation of Greek Labor (INE/GSEE) said in its monthly report on Friday.

The institute underlined that it will be very hard to bring unemployment below 17 percent before 2026, compared to a current rate of 28 percent, even with the most optimistic scenario for an annual expansion of the economy by 3.5-4 percent. The reason for that, it said, is that the 17 percent rate is attributed to the structural problems of the Greek economy.

In order for the economy to recreate the jobs lost since 2009, when the unemployed numbered just 450,000, it will need at least 20 years with an annual job creation rate of 50,000, INE/GSEE explained, basing its estimate on recent forecasts by the European Commission.

It added that this year the number of employed will come to 3.53 million, lagging the total of unemployed and financially inactive people by 1.1 million.

ekathimerini.com , Friday February 28, 2014 (21:16)  
Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
Number of firms filing for bankruptcy in Greece drops
TAIPED finally finds suitors for Afandou properties
Traders say last weekend proved Sunday opening is pointless
Police release new photos of fugitive Roupa
Authorities have released four new photographs of Panayiota Roupa, the fugitive partner of urban guerrilla leader Nikos Maziotis who was arrested by police last week. Roupa, 45, is seen with...
Parts of Thessaloniki university campus sealed off as police investigate bomb threat
Parts of Aristotle University of Thessaloniki, in northern Greece, were evacuated on Wednesday after a bomb threat, according to police. University officials told police a man had called ear...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the countrys broader neighborhood are creating new challenges as well as threats in terms of the countrys interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Police release new photos of fugitive Roupa
2. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Number of firms filing for bankruptcy in Greece drops
5. TAIPED finally finds suitors for Afandou properties
6. Traders say last weekend proved Sunday opening is pointless
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
5. Police release new photos of fugitive Roupa
6. Unequal after death
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.