Greek unemployment rises to 27.5 percent
Source: ASSOCIATED PRESS
ATHENS, Greece (AP) Official figures show the unemployment rate in Greece increased to 27.5 percent in the fourth quarter of 2013 as the economy struggled to emerge from a protracted recession.
Thursdays figures from the statistics agency showed the jobless rate increasing from 27 percent in the third quarter of 2013 and from 26 percent in the same three months of 2012.
Greece, a country of about 10 million people, has 1.36 million people out of work, the figures showed. Young people are the most severely affected, with 57 percent of those aged 15-24 jobless.
Greece, which has been affected by a financial crisis since late 2009, depends on rescue loans from the International Monetary Fund and other European countries. In return, it has had to impose deep spending cuts and tax increases.
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Read more: http://www.salon.com/2014/03/13/greek_unemployment_rises_to_27_5_percent/
dotymed
(5,610 posts)by some of our most prominent banksters. Of course they are still extremely wealthy and free.
Why? Their part has been proven and their profits to destroy another nation is beyond belief.
Capitalism (or this form of it) definitely does not work.
Prison would help set an example.
leftynyc
(26,060 posts)the wealthy in Greece don't pay their taxes. There is also a law dating back to WWII that allows shipping companies to pay ZERO taxes. Since after tourism shipping is their most valuable resource, this is a law that needs changing.
sabbat hunter
(6,829 posts)anyone who can afford the bribe to the local tax official (which includes the middle class) don't pay their taxes. If Greece were able to collect all the taxes owed to it each year, plus the back taxes, most of its problems would disappear.
hack89
(39,171 posts)in fact, they conspired with Goldman Sachs to structure the deals to hide their actual debt from the EU.
dipsydoodle
(42,239 posts)under the debt : GDP rules of the EU.
Subsequent bonds were issued the proceeds of which were used to greatly inflate their public sector which in turn reduced unemployment. Unfortunately they built an unsustainable model which required ever increasing debt to repay earlier debt in the absense of them having a recognisable tax collection system.
Theyletmeeatcake2
(348 posts)A complex problem because no one really wants to put their hand up to pay the tax..
heaven05
(18,124 posts)a reality in this country. If a rethug takes over in 2016, sooner rather than later.
dotymed
(5,610 posts)"another corporatist" instead of necessarily a candidate who admits that they are a "rethug."
Very sadly, if we look at the history of the last 30+ years , elected Presidents, claiming to be Democrats have been able to wreak just as much havoc on America as those who admitted to being repubs.
Those democrats were not fought against (as heavily) when they repealed the FDR accomplishments. We trusted them to be Democrats and they turned out to be wolves in sheep clothing. IMO.
valerief
(53,235 posts)prevents a representative government in the US.
heaven05
(18,124 posts)valerief
(53,235 posts)mathematic
(1,439 posts)Both the EU and the US use the same international standard for the definition of unemployed. The rates are comparable. They differ in a few minor details that reduce the size of the unemployed population in the EU:
-In the EU you are counted as employed if you worked at least one hour for family gain, even if it was unpaid.
-In the EU people over 74 are never counted as unemployed, even if they want a job and are looking for one.
http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/EU_labour_force_survey_-_methodology
I realize you want to express your anti-government econ statistics paranoia but you really should look these things up so you can avoid these sorts of obvious mistakes.
valerief
(53,235 posts)Turbineguy
(37,353 posts)we could have what they have if only we'd elect more teabagger republicans.
Dem4ever27
(49 posts)Prices should be really good!
KamaAina
(78,249 posts)I believe it topped out around 32 percent.
Of course, a wave of Greek immigration to the U.S. would do wonders for our food scene!