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Unemployment in Greece Drops to 23.4% in June

The unemployment rate in Greece dropped to 23.4 percent in June, compared to 24.9 percent in June 2015, the Hellenic Statistical Authority, ELSTAT, announced...

5 Losses Spinning Greece on a Downward Spiral

Austerity measures implemented in Greece as part of its long haul towards redemption have caused social and economic upheaval in the country. Regardless of...

126,956 Greek Employees Get Paid Less Than 100 Euros Per Month

Thousands of Greeks are getting paid salaries lower than 1-year unemployment benefits offered by the Greek Manpower Employment Organization (OAED) at 360 euros per...

Registered Unemployment Drops 4.76% in April

Registered unemployment fell by 4.76 percent in April, compared with March 2016, or 42,545 less unemployed, official figures showed on Thursday. OAED (Workforce Employment Organization)...

Greek Gov't Taps on State Organization Fund Reserves for Liquidity

The Greek government is tapping on state organization fund reserves for liquidity, asking that the organizations transfer reserves to the Bank of Greece. The unemployment...

ELSTAT: Unemployment in Greece at 24.4% in January

The percentage of unemployment in Greece in January 2016 has dropped to 24.4% in comparison with the 25.7% of January 2015, according to the...

Greek Unemployment Rate Falls to 24% in December

Greek unemployment rate fell to 24 pct of the workforce in December 2015, from 25.9 pct in December 2014, down from a revised figure...