Greek unemployment rises above 25% - TennisForum.com
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post #1 of 24 (permalink) Old Oct 12th, 2012, 01:58 AM Thread Starter
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Greek unemployment rises above 25%

ATHENS, Greece (AP) Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday.

All indications are that unemployment in Greece will continue to rise. The economy has shrunk by around a fifth since the recession started in 2008 and youth unemployment has pushed far above 50 percent . The economy is expected to enter a sixth year of recession next year.

The state statistics agency said Greece's unemployment rate rose from 24.8 percent in June. According to European statisticians, that would be the same rate as Spain's in August.The two countries have the highest unemployment rates among the 17 that use the euro. In August, eurozone unemployment stood at an average 11.4 percent, itself the highest level since the single currency was launched in 1999.

Greece's statistical authority said 1.26 million Greeks were out of work in July, with more than 1,000 jobs lost every day over the past year. In the worst-affected 15-24 age group, unemployment was 54.2 percent. In July 2008, a year before Greece's acute financial crisis broke, there were only about 364,000 registered unemployed.

The country's main GSEE labor union said real unemployment is above 30 percent and growing, which it blamed on "violent" government cutbacks.

After losing access to international money markets and nearly defaulting on its mountain of debt, Greece has survived on international bailouts since May 2010.

However, solvency comes at a harsh price: To secure and continue receiving the loans, Athens imposed tough austerity measures, slashing incomes and repeatedly increasing taxes, in an attempt to get its public finances in order. The cutbacks have triggered deep resentment among a population reeling under nearly three years of austerity. GSEE and other main unions have called a new general strike and demonstration next week.

more on http://news.yahoo.com/greek-unemploy...--finance.html

Tough times ahead for Greeks, as the two easiest and most used mechanisms against social disatisfaction related to economic crisis, immigration and currency devaluation, are not within easy reach this time. Maybe bailing out of the euro zone is not such a bad idea after all...
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post #2 of 24 (permalink) Old Oct 12th, 2012, 03:54 AM
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Re: Greek unemployment rises above 25%

Socialism does not work.
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post #3 of 24 (permalink) Old Oct 12th, 2012, 07:35 AM
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Re: Greek unemployment rises above 25%

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Originally Posted by Williamsser View Post
Socialism does not work.
I urge you to look up the definition of socialism.
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post #4 of 24 (permalink) Old Oct 12th, 2012, 08:50 AM
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Re: Greek unemployment rises above 25%

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Originally Posted by Williamsser View Post
Socialism does not work.
That's because countries like the U.S.A. suck the life out of them .

Interestingly, the U.S.A. is the most "socialist" country in the world (big corps, government servants and the military industry).
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post #5 of 24 (permalink) Old Oct 12th, 2012, 12:12 PM
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Re: Greek unemployment rises above 25%

Well Spain's is at 24.8%, not that different


Fucking shitty country, I so have to emigrate to Germany

The belief that man is an irresolute creature pulled this way and that by two forces of equal strength, alternately winning and losing the battle for his soul; the conviction that human life is nothing more than an uncertain struggle between heaven and hell; the faith in two opposed entities, Satan and Christ - all this was bound to engender those internal discords in which the mind, excited by the incessant fighting, stimulated as it were by the constant promises and threats, ends up by giving in and prostitutes itself to whichever of the two combatants has been more obstinate in its pursuit. Life isn't black and white, it's gold.
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post #6 of 24 (permalink) Old Oct 12th, 2012, 01:35 PM
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Re: Greek unemployment rises above 25%

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Originally Posted by PhilePhile View Post
That's because countries like the U.S.A. suck the life out of them .

Interestingly, the U.S.A. is the most "socialist" country in the world (big corps, government servants and the military industry).
That's not the correct definition of socialism either ...
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post #7 of 24 (permalink) Old Oct 12th, 2012, 03:02 PM
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Re: Greek unemployment rises above 25%

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Socialism does not work.
The whole of the EU is on the brink of disaster and all the countries concerned wallowed in capitalism, dressed up in the UK as New Labour. America is also a capitalist country and look at the mess there. The banking system and era of excess were intertwined between the US and EU.

Now consider China and Russia and Norway.
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post #8 of 24 (permalink) Old Oct 12th, 2012, 03:03 PM
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Re: Greek unemployment rises above 25%

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Well Spain's is at 24.8%, not that different


Fucking shitty country, I so have to emigrate to Germany
Foreigners are increasingly not welcome in Germany. So be careful.
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post #9 of 24 (permalink) Old Oct 12th, 2012, 03:08 PM
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Re: Greek unemployment rises above 25%

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Foreigners are increasingly not welcome in Germany. So be careful.
They are if you're a qualified professional, which I'm working on becoming.

The belief that man is an irresolute creature pulled this way and that by two forces of equal strength, alternately winning and losing the battle for his soul; the conviction that human life is nothing more than an uncertain struggle between heaven and hell; the faith in two opposed entities, Satan and Christ - all this was bound to engender those internal discords in which the mind, excited by the incessant fighting, stimulated as it were by the constant promises and threats, ends up by giving in and prostitutes itself to whichever of the two combatants has been more obstinate in its pursuit. Life isn't black and white, it's gold.
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post #10 of 24 (permalink) Old Oct 12th, 2012, 04:18 PM
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Re: Greek unemployment rises above 25%

well at least the EU bureaucracy got a Nobel Peace Prize. the real joke will be when it gets a nobel prize in economics.

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Last edited by Expat; Oct 12th, 2012 at 04:29 PM.
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post #11 of 24 (permalink) Old Oct 12th, 2012, 04:19 PM
 
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Re: Greek unemployment rises above 25%

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They are if you're a qualified professional, which I'm working on becoming.
A professional troll?


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post #12 of 24 (permalink) Old Oct 12th, 2012, 04:35 PM
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Re: Greek unemployment rises above 25%

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A professional troll?
I'm actually trying very hard not to be so good at that

The belief that man is an irresolute creature pulled this way and that by two forces of equal strength, alternately winning and losing the battle for his soul; the conviction that human life is nothing more than an uncertain struggle between heaven and hell; the faith in two opposed entities, Satan and Christ - all this was bound to engender those internal discords in which the mind, excited by the incessant fighting, stimulated as it were by the constant promises and threats, ends up by giving in and prostitutes itself to whichever of the two combatants has been more obstinate in its pursuit. Life isn't black and white, it's gold.
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post #13 of 24 (permalink) Old Oct 12th, 2012, 04:57 PM
 
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Re: Greek unemployment rises above 25%

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I'm actually trying very hard not to be so good at that
are you?


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post #14 of 24 (permalink) Old Oct 12th, 2012, 04:59 PM
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Re: Greek unemployment rises above 25%

Excellent! Good to see that 1 in 4 people are just chillin'.

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post #15 of 24 (permalink) Old Oct 12th, 2012, 05:06 PM
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Re: Greek unemployment rises above 25%

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Originally Posted by Xepher View Post
are you?
Huh, of course, at my peak I would definitely win the TWAT contest if I wished to

The belief that man is an irresolute creature pulled this way and that by two forces of equal strength, alternately winning and losing the battle for his soul; the conviction that human life is nothing more than an uncertain struggle between heaven and hell; the faith in two opposed entities, Satan and Christ - all this was bound to engender those internal discords in which the mind, excited by the incessant fighting, stimulated as it were by the constant promises and threats, ends up by giving in and prostitutes itself to whichever of the two combatants has been more obstinate in its pursuit. Life isn't black and white, it's gold.
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