Director of the Labour Institute of the General Confederation of Greek Workers (GSEE) Savvas Robolis revealed that the unemployment rate will be bigger than Bank of Greece forecasts.
He said that unemployment rate will climb at 22% from 14.2% by the end of 2011, while according to Bank of Greece it will reach 16.5%.
Speaking on Wednesday at the House of Parlimanet, Savvas Robolis ruled out the possibility of reduction of unemployment rate below 10% before 2022. He also stated the risks of revenue losses for the insurance funds.
Meanwhile, Labour Minister Luca Katseli admitted that unemployment may increase by 3% in 2011.
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