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ATHENS – After showing signs of declining – a bit – the Greek unemployment rate is on the way back up, with 73 percent still unable to find work after a year.

The rate is now 26.1 percent, compared to 25.5 percent in the third quarter of last year and officials said it’s because of political instability in the run-up to the Jan. 25 snap elections and with uncertainty whether the new Radical Left SYRIZA-led coalition will take the country out of the Eurozone or stick to reforms demanded by international lenders.

The numbers presented by the Hellenic Statistical agency ELSTAT showed the rate is still below the record 27.8 percent recorded a year earlier but of little comfort to those who can’t find work – now 1,245,854 people- who are said to be so desperate they are willing to take any position.


Source: The National Herald
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