Unemployment rises in Greece amid political deadlock
AddThis
Unemployment rises in Greece amid political deadlock
Unemployment rises in Greece amid political deadlock
Thursday, May 10, 2012The state statistics agency said over 1.07 million people were unemployed February, with over 19,000 losing their jobs in a month and over 336,000 over a year as Greece neared completion on a historic debt wipeout.
The jobless rate in January was 21.3 per cent, the agency said.
Over half of those aged up to 24 -- 53.8 per cent -- in addition to women are the hardest hit by a recession now in its fifth year.
A general election on Sunday punished mainstream parties tied to an unpopular EU-IMF loan agreement seen as the main cause of the recession.
Smaller leftist and nationalist groups opposed to the bailout, including a neo-Nazi party, elected 151 lawmakers in the 300-seat parliament but no clear winner emerged.
If ongoing government talks between parties fail, new elections will have to be called next month.











