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ATHENS – Prime Minister Antonis Samaras’ hopes to get Greece to start recovering from a crushing economic crisis have been hit again with a stubborn jobless rate that is still at 27.2 percent.

The rate, for May, was announced by the country’s statistics agency ELTA and showed only a 0.1 percent drop from the previous month, as the government hasn’t announced any plans to deal with it.

The figures are more than twice the Eurozone average of 11.6 percent and still hovering near record highs, two years after Samaras won office with a promise to do something about it. Last year he said he would reveal in January of this year a plan to put 75,000 of the country’s young to work but never did.

Despite the bad news for jobless workers – there are still nearly 1.36 million of them – other indicators show the economy, which lost 25 percent of its Gross Domestic Product (GDP) since Greece asked for international bailouts four years ago, and accepted harsh austerity measures in return – may expand by a miniscule 0.6 percent this year, although other estimates have proved wrong.

 

The post Greek Unemployment Won’t Go Down appeared first on The National Herald.

Source: The National Herald
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