Greece
Calamos Supports GreeceCalamos Supports Greece
GreekReporter.com Greek News Economy Greece Beginning To Look Like Kosovo

Greece Beginning To Look Like Kosovo

greece_2639429b (1)With Greece’s unemployment at a record 27.6 percent and 64.9 percent for those under 25, the British newspaper the Telegraph has likened the economic catastrophe to what Kosovo was like, comparing Greece to its northern neighbor.

The Telegraph opened its article on Greek unemployment rise by quoting Professor of Economic Theory at the University of Athens Yanis Varoufakis’s words: ““Nothing as devastating as this has ever been seen in my country before. The spirit of the Greek people has been broken. They’ve stopped demonstrating and are licking their wounds at home or leaving the country.”

The jobless rate in Greece will not cease to rise as the Greek government decided to dismiss 15,000 public sector workers by the end of September on the orders of international lenders.

“The manic attempt to keep Greece in the Eurozone under conditions that are not sustainable is turning the country into a sort of Kosovo, an EU protectorate that produces little but surplus labor,” Varoufakis added.

The British newspaper also mentions the statements of the European Commissioner for Economic and Monetary Affairs and the Euro and vice president of the European Commission Olli Rehn who said that Greek austerity was “difficult but necessary,” and that the country should begin to recover next year.

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!




Related Posts