Greek unemployment was at 27% in June. And as Jamie McGeever are Reuters points out: “Believe it or not, that’s the LOWEST in over a year.” That means that more than one out of every four people actively looking for a job can’t find one.
Greece was one of the countries hit hardest by the 2008 economic crisis. If it’s experiencing a recovery, as some measures indicate, it’s a largely jobless recovery. The euro zone average unemployment is about 11.5 percent. Greek Prime Minister Antonis Samaras yesterday publicly rejected the idea that Greece currently needs a third bailout, which many economists believe is necessary. Greece has received $325 billion in loans from Europe and the IMF since 2010.
Greek unemployment 27% in June. Believe it or not, that’s the LOWEST in over a year: pic.twitter.com/Rl7mtbHvmw
— Jamie McGeever (@ReutersJamie) September 11, 2014