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Greek Unemployment Rises
Above 25 Percent

Associated Press, by Nicholas Paphitis

Original Article

Posted By:Calvinesq, 10/11/2012 2:38:43 PM

ATHENS, Greece -- 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 way above 50 percent. The economy is expected to enter a sixth year of recession next year. "This is a very dramatic result of the recession," said Angelos Tsakanikas, head of research at Greece's IOBE economic research foundation.

Comments:
Makes you yearn to be more like Europe, don't it?

      


Post Reply  

Reply 1 - Posted by: Davids918, 10/11/2012 2:44:53 PM     (No. 8926176)

Was there last year. Tour lady said, "we smoke and drink but live the longest".

Another shop owner, "we know there's a problem, we just don't like the solutions".

The best line, "we don't have any manufacturing to speak of, we export olive oil, and have tourism".




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Reply 2 - Posted by: KTWO, 10/11/2012 2:47:05 PM     (No. 8926184)

Experts from our BLS are rushing there to start their recovery. It will take six days.

Then they go to Spain. Bigger nation, fixing it may take ten days.

Then they fly back to supervise the vote counting in several swing states.

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Reply 3 - Posted by: mackrand, 10/11/2012 2:51:17 PM     (No. 8926193)

You can lay this recession and it's continuing mayhem fully at the feet of Obama and his corrupt administration. The war on the rich, who supply the jobs, and the middle class who work in those jobs supplied by the wealthy, and the energy sector who supply the cheap power to enable those jobs, have now filtered all the way around the world. You want to see the results of socialism which buys votes by giving away the store? Just look at Obama and the chaos he has generated in just four short years.

You want another four? Yes, there are nearly enough people in these United States to do just that. You readers better get used to crawling over broken glass to vote this scum out of office on November 6.

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Reply 4 - Posted by: losgatos, 10/11/2012 2:55:07 PM     (No. 8926209)

They need to borrow our Bureau of Labor Statistics and they could have 7.8 percent unemployment.

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Reply 5 - Posted by: fljack, 10/11/2012 2:58:28 PM     (No. 8926223)

Unemployment at 7.8% in the US will look good once Bernake and the Fed are finished printing money from thin air. The current under 40 generation has no idea of real inflation, stagflation, crashed markets and high prices ala Carter.

Put Obama back in, and they'll find out...and THEY won't get Obama phones.

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Reply 6 - Posted by: NorthernDog, 10/11/2012 3:11:07 PM     (No. 8926267)

They need lessons from the Obama administration. Just omit unemployment statistics from the largest region and - tah dah - unemployment plummets.

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Reply 7 - Posted by: veritas, 10/11/2012 3:46:30 PM     (No. 8926375)

Can't be!

Greece is full of expert central planners, no?

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Reply 8 - Posted by: MickTurn, 10/11/2012 8:00:50 PM     (No. 8926894)

Hey Greekies, How's that Socialism working out for ya?

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Reply 9 - Posted by: Trigger2, 10/12/2012 7:20:18 AM     (No. 8927646)

Well, under Barry's auspices, we've reached 14.9%, which is more than half-way there to Greece's socialist policies. Barry must be envious.

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