Greek Unemployment The Big Risk

The unemployment statistics released recently for Europe will supply all political parties with ample material to manipulate. Even the Greek government can claim that at last something is happening as the economy continues to fight for its life. Regardless of any political exploitation of the subject, the substance of the report is whether the country can turn the economic page before there is a social explosion. The figures are depressing: 27 percent unemployment in August: even though it remained stable from the previous month, it was up from 25.5 percent last August, or higher by 88,242 people.

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