USA TODAY: …The Greek Statistical Authority reported Thursday that the jobless rate had risen from 24.6% the previous year. In June 2008 before the global financial crisis bared its teeth and Greece entered recession, the rate stood at 7.3%
The jobless total stood at just over 1.4 million. In addition, around 3.33 million people in Greece are considered inactive, just shy of the 3.63 million in work.
Years of emergency taxes, pay cuts, and other austerity measures implemented as a condition of international bailout loans have hammered Greece’s private sector… (more)
EDITOR: So much for austerity, both there and hear. We had advocated Greece going off the Euro for the past several years. Tragically, they did not. Had they, by now they would be in rapid recovery.
