March 9, 2011
Unemployment goes to 14.8%; predictions of 20% raised
An AP report at the Canadian Business news on the unemployment jump seen in Greece:
" Unemployment in Greece jumped to 14.8 percent in December, the Statistical Authority said Wednesday, as painful austerity measures and the financial crisis took a toll.
...country's statistics agency said the unemployment figure was up from 13.9 percent in November and 10.2 percent a year earlier.."
The Wall Street Journal quotes Greek Union officials as predicting a 20% rate of unemployment by the end of 2011;
"In its 2011 budget, the Greek government estimated that unemployment will rise to 14.5% in 2011 before peaking at 15% in 2012. However, labor unions say joblessness could reach as high as 20% this year. "
Related: Read more about the GSS ("Greece Statistical System); also about ELSTAT which is the Greek Statistical agency
Greece's Golden Visa program
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