Post by cenydd on Aug 10, 2013 0:22:20 GMT
Greece’s jobless rate continues to rise under the austerity linked to its international bailout.
The unemployment rate hit a new record high of 27.6 percent of the workforce in May. April’s number was revised upwards to 27 percent.
The country is in its the sixth year of recession and job seekers are pessimistic.
In Athens, a 60-year-old unemployed woman said: “Greece is not on the road to recovery. We’ve returned to the 1950s. I was a child then and I know what happened, we are starting from scratch.”
While a man spoke of his despair: “The business I worked for has closed. I am 66-years-old, unemployed and won’t get a pension. I go through rubbish bins looking for something to eat.”
The young are also hard-hit. Nearly two thirds of 15 to 24 year olds are out of work.
The unemployment rate hit a new record high of 27.6 percent of the workforce in May. April’s number was revised upwards to 27 percent.
The country is in its the sixth year of recession and job seekers are pessimistic.
In Athens, a 60-year-old unemployed woman said: “Greece is not on the road to recovery. We’ve returned to the 1950s. I was a child then and I know what happened, we are starting from scratch.”
While a man spoke of his despair: “The business I worked for has closed. I am 66-years-old, unemployed and won’t get a pension. I go through rubbish bins looking for something to eat.”
The young are also hard-hit. Nearly two thirds of 15 to 24 year olds are out of work.
www.euronews.com/2013/08/08/greece-sets-another-joblessness-record/
Things just don't seem to be improving at all for Greece. Over a quarter of the population, and two thirds of young people, out of work. That's a truly frightening set of statistics. It's a complete mess, and it's difficult to see how it can recover, even in the long term.
Embarrassing.