|In this 2012 photo youth unemployment was "only" 50.4%. |
All the European bailouts only made it worse.
61.4% Greek Youth Unemployment
- Europe is a corrupt blend of big government Socialism and Mussolini Corporatism. The official policy is to drive governments like Greece deeper and deeper into debt with international bankers, crush their economies and force them, as debt slaves, to obey their Masters in Brussels.
Greece’s unemployment rate has hit new highs.
Even amid tentative signs of economic recovery in the country, there is no let up in the pace of job shedding.
Economists expect things to get worse in the early part of this year as companies continue to restructure and fire workers reports Euronews.
One Greek jobseeker explained that the only thing available for most people is temporary, government-funded work.
She said: “We certainly don’t see any positive signs, nothing to indicate that there are jobs. Everyone’s looking, but there are just these programmes that last for five months, but then you’re out of work again. You have a break from being on the dole, but it’s just for five, or at most six months depending on the programme.”
The latest figures that have been released are for November 2013.
Overall unemployment inched up to 28 percent. It had been 27 percent a year earlier and 27.7 percent in October.
The youth jobless total reached 61.4 percent in November, up a full two percent from November 2012.
Though life remains extremely difficult for millions, with 14 percent of the Greeks living in extreme poverty according to a survey carried out late last year, Greece’s austerity-fuelled economic slump is starting to ease.
There have been improvements in retail sales, manufacturing activity and construction, but that is a long way from feeding through into substantial job creation.
Symela Touchtidou, the euronews business reporter in Athens, concluded: “The Greek government is preparing to borrow on the international markets for the first time in four years. A successful auction of bonds would mean Greece becoming the latest country to exit the bailout program.