greek unemployment rises to record high
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Greek unemployment rises to record high

Arab Today, arab today

Arab Today, arab today Greek unemployment rises to record high

Athens - DW

Unemployment in Greece has hit a new high with the country weighed down by internationally brokered austerity measures. But industrial output has increased slightly, providing a silver lining for Athens. Greece\'s unemployment rate rose to a record 23.1 percent in May, up from 22.6 percent in the previous month and up from 16.8 percent year-on-year, the national statistics office Elstat reported on Thursday. It said joblessness war particularly high among the under-25-year-olds, standing at 54.9 percent in May. Some economists in Greece claimed the sharp rise in unemployment was a direct result of austerity measures forced upon Athens by the European Union and the International Monetary Fund (IMF) in return for urgently needed bailout loans. But European Commission Spokesman Olivier Bailly brushed aside such arguments, saying in a statement in Brussels that the EU\'s and the IMF\'s recipe for Greece was not at all based on austerity alone. He added the employment crisis was \"a matter of deep concern\" for the Commission. Surviving until the next bailout Elstat also reported a slight rise in Greek industrial output which edged up 0.3 percent in June from the previous month, meaning the first increase in about three years. The statistics office added the rise was mainly due to increased activities in the mining and energy sectors. The government in Athens said it was optimistic about getting another European bailout loan in mid-September. Deputy Finance Minister Christos Staikouras said he expected the outstanding report by auditors on Greece\'s savings efforts to be positive. Reuters news agency quoted government officials as saying that a special labor reserve measure would be revived, targeting 40,000 public servants for eventual dismissal. This would secure the 11.5 billion euros ($14.14 billion) in savings Athens had promised international lenders.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greek unemployment rises to record high greek unemployment rises to record high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greek unemployment rises to record high greek unemployment rises to record high

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday