The unemployment rate in Greece in the first month of rose to 15.1 percent fromDecember’s level of 14.8 percent. Got as a result of the debt crisis to a new recordsince 2004, when the country began monthly unemployment data capture.
The debt crisis that forced the drastic austerity measures the government, heavily hit by the Greek economy and led to a sharp rise in unemployment. Last January’s unemployment rate was 11.3 percent in the country.
Greece is in crisis since early last in May adopted by the European Union and the International Monetary Fund financial assistance from bankruptcy in the range of 110billion euros (2.7 billion Kč). The government for it had to start the program drasticspending cuts and tax increases, the effect is now an economic slump.
The Greek economy has lost 4.5 percent last year. This year will be another drop ofabout three percent.
The unemployment rate in Greece is much higher than in the euro area, where inFebruary fell to 9.9 percent from January’s ten percent. More unemployment than inGreece is now in the countries of the euro just in Spain, where more than 20 percent,and the European Union in Lithuania and Latvia.