ECONOMY

Labor institute warns of 30% jobless and lack of unemployment benefits

By next month, only 165,000 of more than 1 million jobless Greeks will receive unemployment benefits, according to the labor institute of the country?s two largest unions, ADEDY and GSEE.

Speaking on Skai TV on Tuesday morning, the institutes research adviser Giorgos Romanias said that the one-year unemployment benefit will expire next month four thousands more workers who have lost their jobs, leaving just 165,000 people still eligible for benefits.

Romanias also predicted that the actual number of unemployed Greeks, including the long-term jobless, will reach 1.6 million, or close to 30 percent by the end of the year, rather than the 1.48 million originally forecast by the labor institute.